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

To: Jon Koplik who wrote (12999)	7/27/1998 10:23:00 AM
From: kech	Read Replies (1) \| Respond to of 152472

In these dark hours, with the Q down another point, and though I hate to benefit from the grief of others, it is nice to note that with ERICY down 5 today, the Q only has to get to 68 to reach an equivalent level as ERICY last September. As an added kicker, this is the 13,000th post!!

To: Jon Koplik who wrote (12999)	7/27/1998 7:37:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

See Ramsey: "...foreigners have continued to exchange dollars for won to buy local assets as they expand into South Korea, which has opened its doors to more foreign investment in the wake of the financial crisis there. Abiding by the reform program agreed upon with the International Monetary Fund late last year as part of a US$58.35 billion bailout fund, South Korea has opened its stock, bond and real estate markets to foreign investors..." Fed prints money, lends to solvent Qualcomm, Qualcomm buys Won, then buys businesses in Korea, which doesn't miss a beat in exports, which actually increase because Koreans are getting paid less [in US$]. They have cancelled their overseas trips, are back at work again, and still buying cdmaOne handsets. Qualcomm gets to own a lot more cdmaOne production at a bargain price, so profits zoom up. They pay us lots of dividends. Meanwhile, all the extra dollars end up pushing up the Dow [Q.com et al] in a reflationary process. While cdmaOne handsets get cheaper, cellphone minutes get cheaper and everyone is happy, happy, happy. No worries! [Unless you are one of the silly Asian investors of several years ago]. Mqurice PS: Markets doing a sag! Makes $80 look like a high jump. Never mind, high jumps are fun.