Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (11936)	7/1/1998 12:56:00 PM
From: JScurci	Read Replies (2) \| Respond to of 152472

Ramsey, You seem to infer, as do others, that the stock price at any given moment including those periods that follow news announcements is the ultimate arbitrer of the economic net worth of the business or the economic significance of the news. Well tell that to anyone who bought Advanced Fibre Communications yesterday, which by the way until this morning had about the same market cap as QC even though it only does $85 million a quarter in revenues! By the way, since yesterday was the end of the quarter, did anyone notice that the Korean won finished yesterday at 1372? That's more than 100 won better than last quarter's exchange rate which positively affects the QC royalty translation and also means going forward that those little ASICs the Koreans love to buy have just become more affordable. regards, John