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

To: Ramsey Su who wrote (14381)	9/1/1998 5:46:00 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Ramsey, we agreed $32 was a great buy, but that was 2.5 years ago, when all the things Qualcomm has since achieved were little more than wishful thinking. Then 14 months ago I couldn't resist $42. Then, a bit greedily, I couldn't resist $52 after the Asian crash in Qualcomm from $72. Looks as though the relative few at $52 was a mistake, but bottoms are notoriously hard to be accurate on. Notice how Qualcomm fared not too badly in the losses the last couple of days. I reckon Globalstar and Qualcomm are both raving buys now. But I'm nearly fully pigged out on margin now, waiting for Alan Green$pan to do the decent thing, so won't be gobbling more. Globalstar at $13.5. Wow! Maybe better than Qualcomm now. I guess you and Chris can feel fully vindicated in heading for cash. But still this is hardly a massive drop compared with where things were a year ago at the beginning of the Asian contagion. Really just a tidy up, put the frighteners on them, get their feet on the ground and head out of the clouds, back to work - you aren't retired yet, don't overborrow type fundamental rulz ok type scaling and gutting of the improvident [hopefully me excluded]. I'm still way up on my entry so shouldn't squawk - can't be a trader or have to pay capital gains tax. Waiting for more dividends from Qualcomm. Enjoy your shopping expeditions. Mqurice

To: Ramsey Su who wrote (14381)	9/1/1998 5:27:00 PM
From: Sawtooth	Respond to of 152472

Ramsey: With the dow and naz having exploded to the upside today, I need a little bit o' chicken little perspective. Does the last several days trashing of the markets alleviate your concerns to any significant extent? Or, IYO, do you see this as one of those lulls before the BIG storm rolls in? Always interested in your opinion; your perspective and information has been valuable. Thanks. ...Tim

To: Ramsey Su who wrote (14381)	9/1/1998 5:57:00 PM
From: dougjn	Read Replies (2) \| Respond to of 152472

Shhesh, Ramsey. That former Japanese legislator struck me as a looney. Conspiracy theories. All the US's fault. None of it Japan's. No mention of the role of the absurdly overvalued Japanese property and market values that precipitated their years of stagnation. No mention of the related widespread insolvency in the Japanese banking system. And similar conditions in the other East Asian countries he mentions. I will concede that the timing of the financial Big Bang may look bad from Japan's point of view. But it has after all been scheduled for years. He's just crying about the notion of any foreign competition in his home market at all. The place where our advice, at least as publicly announced, has been pretty poor I think has been Russia. We are so concerned with keeping them on the total democracy path that we have under emphasized the need for effective taxation, and the rule of law. Ironically this has created a situation where it is the Communists who are most loudly saying that the true core of Russia's problems are the massive theft that is going on. Which seems very true. My 2 cents. Doug

To: Ramsey Su who wrote (14381)	9/9/1998 10:26:00 PM
From: waitwatchwander	Read Replies (1) \| Respond to of 152472

Ramsey, Although, at times I find it hard to keep up, I truly enjoy your posts from the Land of the Rising Sun. I was wondering if you have you considered the impact of the aging Japanese population in your analysis? If I remember correctly, Harry Dent stated that the Japanese are about 5+ years ahead of us with respect to baby boomer demographics. After driving the Nikkei to all time highs throughout the 70's and 80's, these folks are now retiring in a big way. Their equity investments are being or have been converted into retirement income streams. In addition to corporate reorgs, next generation management transitions, leader seeking bureaucratic governmentals, insolvent ATM's, and the charging of the wall street bulls this has to have a significant impact on the liquidity and direction of their economy. In my mind, this is all short term happening and happened. Japan has truly crossed the bridge. Since the fifties, they've never had it as good as the current situation. Cost are cheap, very cheap, both labour and materials; export revenues are high due to dollar/yen; market and manufacture penetration is worldwide and the whole world is on the verge of a new technology base. All the necessary factors to drive their economy to even greater heights than before. Surely, they are not going bankrupt. I do agree, that their balance sheets are at low point, however, aren't their P&L's primed for blast off? Again, I appreciate your posts on this subject. Your insights are helpful in understanding the ultimate end game. I sure don't want to be the last or even the median person off this bus. nf