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

To: marginmike who wrote (14266)	8/28/1998 10:12:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Peter Hillary [Edmund's son - Edmund was first to climb Mount Everest] is retracing Scott's trip to the South Pole on an Iridium promotion. Carting a phone and no doubt will make a call from the South Pole to be promoted by Iridium. So they are obviously hoping it works. Not too good to arrive at the south pole and die due to the handset or Iridium not working if they need help. Iridium must be thinking they won't be far off their commercial launch date despite a few glitches. Getting ugly in the markets? Hardly. The Dow hasn't even reached 8000 yet and the Nasdaq is way up on not long ago. Ugly would be a 30% or 40% drop which I expect - only as a possibility - not that I think it will happen. When huge derivatives, margin, futures, shorts and other positions are all unwound in the biggest credit testing in human history, it might be interesting to see where things bottom out. There might not be a run on banks, but there might be a run on credit with 'on call' debt being called. There is a LOT, shouting, A VERY GREAT DEAL, of on call debt swamping around the world, which might or might not be backed by real assets. Much of it is NOT backed by real assets, but only the assumption that stock against which it was borrowed is worth at least half its value. If it is worth less than half its value then a LOT of margin traders and other debtor positions will collapse. How far? My conclusion was that debt candy is soft on the outside, then chewy then hard on the inside. But I fear that it is hard on the outside, and soft on the inside. Now THAT would give me white knuckles. If people are chucking themselves in the tide already, there will be a lot wet if a real crunch comes. It's been hot up your way. You sure they weren't swimming in the Hudson? Vodafone just bought Bellsouth's GSM network in New Zealand for NZ$270m = $500m in real money. I've read the thread and didn't think Ericsson's acknowledgement that Qualcomm should be thrown a bone for 'helping' develop 3G-W-CDMA-VW-SETI was anything encouraging. That is about all they've said all along. They have always given some small acknowledgement that Qualcomm did have some trivial patents useful in some particular implementations of CDMA in cellphones. Check the stock prices of Ericsson and Qualcomm today for what others thought! Ericsson up and Qualcomm down. Mqurice