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

To: Ramsey Su who wrote (11952)	7/1/1998 8:34:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Ramsey - in response to your lament of (essentially) "why couldn't we all have just bought YHOO, AMZN, AOL, etc. at 20 (?) times revenues , and then sat back and made zillions of dollars as they went to 100+ (?) times revenues" -- at the risk of starting the Internet equivalent of a "food fight," I just want to say one thing -- having actively traded futures since 1978, and stocks (and stocks options)for quite a while, I swear that no one I've ever met (or heard about) who has made money trading futures was stupid, but more than a few people I've met (or heard about) who made real money in stocks were actually quite lacking in their understanding of stocks and a lot of other things. I'm sure you've heard the line "I'd rather be lucky than smart." The one thing about futures trading that is totally intellectually satisfying to me is the absolute certain knowledge that "a fool and his (or her) money WILL soon be parted in the futures market." But, it seems that that is not necessarily so with the stock market. Jon.

To: Ramsey Su who wrote (11952)	7/1/1998 8:54:00 PM
From: Maurice Winn	Respond to of 152472

Psst, Ramsey, in Qualcomm you own the next Yahoo! IBM, Microsoft, Intel combination. When people buy Anita-TM and boot up, what do you think they'll get on their screen? Yep, Qualcomm Portal, Q-Web Central or whatever you want to call it. Qualcomm makes the chips = Intel, the software = Microsoft, the gadget = IBM and the Website is a doddle = Yahoo! Total Mighty-Q market capitalisation should equal the combined value of those four. What's that? About $400bn? People want solutions and ease of use and that is what Anita-TM will provide. Unwired Planet, 3Com and all that crowd are working flat out to make cdma2000 with Mighty-Q sitting at the hub of the Web the 21st century reality with Globalstar soaring above. Is somebody not having fun with Qualcomm? Mqurice PS: Shorting Yahoo! looks an easy deal but I'm very suspicious of gambling dens, cornered markets, and last one in/out is a sucker, chain letter type arrangments. This fool and his money have been together a while and want to stay that way. I reckon Jon is right. Clark, I might not be eligible to run the Fed, but I find I do okay in predicting what they'll do - which suits me just fine! Anyway, I wasn't advocating what Paul Krugman was saying, or robbing the savers or causing inflation, just pointing out what is going to happen. I disagree and would let the banks go bust, the property speculators get a job selling cdmaOne handsets and the currencies do what they like. We have more volatility built in because governments insist on dabbling in everything forcing everyone to try to second guess them. Reducing volatility is the job of speculators and they better be super smart or lose their shirt, as Jon says. They'll do a much better job than governments. They should be admired for their brilliance and courage, not disparaged as they invariably are as parasites, leeches, destroyers or other by ignoramuses such as Mahathir or whatever his name is, who don't understand the processes.