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

To: limtex who wrote (12727)	7/22/1998 6:55:00 AM
From: Maurice Winn	Respond to of 152472

*over 40 words long!* Greenspan's presentation was pretty good. He's starting to figure out the new paradigm. What he hasn't yet got is the new 'American' empire. Except that it is not an empire in the old sense, but a kind of cyber empire based on political stability, military strength, financial control systems, legal systems etc etc etc which have proven themselves. These act as the nucleus for the world's investment. It goes like this. I've worked and saved around the world. I reckon there are enough investments in growing trees and catching fish in New Zealand, but cancer cures, cellsites in space and Anita [TM] for all are good things to put money into. So I buy some US$ and hire some Indians to design some stuff. Plus some Chinese to build it. And the Japanese then buy it. The money goes from Japan, around the circuit to me, who owns Qualcomm Incorporated. I ship it back to Japan and they deliver me a new Toyota Camry GLX V6 3L auto nice smooth car with all mod cons. Qualcomm reports the money in their accounts and shows a big profit increase, huge sales growth and Alan Greenspan scratches his head and wonders why there isn't wage pressure and inflation in the USA. Economies of scale are enormous in the new paradigm and costs are dropping fast. So no inflation despite huge printing of money. Anyway, it isn't all that simple, but like fractals, the broad pattern is true and it just gets more and more intricate and detailed as you gaze deeper into the pattern. A little like quantum mechanical wave function matter nodes [rocks and us] look solid and simple, but are just a large 'presence' and they get more and more complex as you gaze deeper into the meaning of being. Hmmm, maybe stretching a point, but something along those lines anyway. 'A man a plan a canal panama' 'Kayak' Neat palindromes [they read the same reading backwards or forwards]. Just in passing! Seemed relevant to economics and quanta. Whichever way you go, it's all the same. Back to the 'American' empire and the Dow heading to 16000 Feb 2002, the money flows via the USA and the profits get reported in the USA companies which are increasingly owned by people all round the world, because Koreans don't want to invest in their crony capitalism rip off world, Japanese have cash, but local investment risk and poor returns, New Zealanders have vast amounts of money they don't know what to do with, so we buy up the Dow and Nasdaq. Qualcomm is dealing in essential goods and services. It is the most bullet proof, recession proof stock around. Communication is the defining characteristic of humanity. Visiting Disneyland or Tibet might be fun, but not an essential part of being human. So people won't go without their cdma2000 handset, but they'll cancel a 777 flight. Greenspan goes on about the USA worker and wage demand pressure. Forget about them. Small bananas. We are talking about 6bn people here feeding the workforce for the Dow and Nasdaq. And these are hungry people, wanting to escape the poverty of Indonesia, China, India, Brazilian jungle and African desert. Heck, even the Inuit are going to want a cdma2000 Globalstar phone and will supply polar bear skins to buy them. Or seal fat and steaks if polar bear skins are in short supply. Warren Buffet is on to it. He's looking for worldwide brands which will benefit from globalisation and increasing wealth worldwide. Jon, I have to think he has got some good investment ideas. Okay, away, Mqurice Dow 8000 Feb 1998 Dow 16000 Feb 2002 Q.com $80 31 July 1998 [They all seemed outrageous at the time. Psst, Dougjn, did you sell GSTRF at $72 and buy Q.com at $48? In yet?]