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

To: SKIP PAUL who wrote (13680)	8/13/1998 3:56:00 PM
From: Ramsey Su	Respond to of 152472

Short term, forget all fundamentals. Just watch the yen. Somebody is doing something to try support the yen. Even though most of the attention is on the RMB, the won actually is more exposed to the yen. As we all know, if Korea falls, so goes QC. I think this exposure caused QC's weakness in recent days. Ramsey

To: SKIP PAUL who wrote (13680)	8/13/1998 7:10:00 PM
From: Maurice Winn	Respond to of 152472

Skip, these huge gains are not exactly confirmation that Qualcomm is suffering as a result of the Korean financial shambles. Soon it will dawn on people that Koreans cancelled overseas trips and are staying home, buying cellphones. A point Paul Krugman made last night was that he didn't think money flooding in from USA and elsewhere would rescue the financial crises of Asia because there would be political opposition to too much foreign takeover. I disagree at least for the case of Korea, where they are fairly open to foreign investment. Already there have been many deals - not total takeovers, but % buy ins. Dacom and Hyundai are reducing their spending and involvement in Globalstar, with Soros putting in some money. He pointed out there are other barriers, such as understanding what a business might be worth even if it appears a bargain. Also regulatory problems, such as in China would slow foreign investment so a crisis could run unabated by foreign rescue. So much for one plank of my theory that the Fed would print, Qualcomm borrow and go shopping in Korea, thus stablizing the crisis. Though I still think that can have quite an impact. At least in the cmda world, if not the banking and chaebol overall mess. Korea is not showing up as any problem at all for Qualcomm. Mqurice