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

To: jpbrody who wrote (15255)	9/21/1998 7:45:00 AM
From: Maurice Winn	Respond to of 152472

pdQ = At last! It's past the basement wooden block prototype stage. They didn't mention an alarm clock, radio tuner, garage door opener, calculator, stereoscopic video camera, GPS, Globalstar option, with vegemite dispenser. Oh well, it was only a demonstration model. This is exciting. Who cares about Nikkei at 13600? Hong Kong down a bit? So what. It is just sellers swooping what's left of their capital out of absurd property speculative ventures which have failed hugely spectacularly, ready to buy into Qualcomm in a few hours. They know real progress when they see it. Building some stupid twin towers in Kuala Lumpur, holding street riots while Queen Elizabeth is there, and stopping capital movements doesn't cut it these days. Even if they host the British Commonwealth Games. They even cut off tv transmissions - we got static! With pdQ they won't be able to do that. This is so neat. pdQ! Great name. I hope $ill Gates is starting to sweat. There is no leverage he can bring to bear on this one! But back on the off-topic, there is some argument that money at the centre is no good for stopping collapse. The idea being that the USA Federal Reserve bankers cutting USA rates and printing money is no good in a deflationary environment at the periphery. What a lot of rot. Sleeeeeeep Jon. Sleeeeeep. You oughta see how fast money can move from the Fed printing a bit more in the USA. It swoops into Donaldson Lufkin Jenrette Securities. Half an hour later it has swooped out to New Zealand. Next thing you know, I've dropped some of it into a Visa account to cover a payment due to some Japanese merchants. There isn't any periphery as far as money is concerned. Money moves! Fast. I might swap it for Yen and buy Sony. Same for the idea that the centre is collecting money from all round the world, draining it of capital. Not so again. What is happening is that grotty little joints like Malaysia, Indonesia, here and there and New Zealand with rotten shareholder protection are losing investment to the USA with robust securities laws, many investor friendly characteristics and active policing and jailing of criminals - even the President gets hauled before some half-baked Grand Inquisitor over the most trivial matters [namely, did he get his libido out in front of Paula Jones in a pathetic, juvenile, attempt at sexual gratification; being rejected as a suitor because of a red face, unfortunate physical characteristics and a generally indisposed prospective female]. While it is true that the USA companies garner the investment from here and elsewhere, I get the return on investment and spend it here or in Japan, Canada or wherever. The companies I invest in hire Chinese, Korea, Mexican and other people to supply expertise, goods and services to feed the production line, which might not be in the USA. Brazil, China and other places will have pdQ production lines. The money flows around the world like blood in a body. Silly places like Malaysia, North Korea or Albania which attempt to cut themselves off, being independent, disliking evil aliens, will simply be ignored - they will wither as their people gradually flee. The USA is becoming the investment centre. Attracting and dispersing funds from around the world. Supported by strong laws, lowish taxes, a sound currency, sound military, sound this that and the other. But rest not on your laurels. There are many weaknesses and one day some other place will attract investors through even better government and social habits. NZ is no threat at the moment, though it has shown promise from time to time. Hooray for Mighty Q and pdQ. I'll have to tell Anita [TM] she's been usurped. pdQ impressed the Techno-Elite said the NY Times? Well, it will impress a lot more than them! Fred Flintstone and Homer would even like this one. Imagine downloading White House X-rated videos while you work the quarry or yawn your way through Safety Inspector duties. I think the rest of the world is worried about Bill Clinton and impeachment. You'd think they'd know that Americans [and most people it seems] just love soaps and real life soaps are even better and when push comes to shove, to coin a phrase, all that won't mean anything when it comes to Americans losing money or being pushed around by the Taleban. The marines will think 'I bet he wishes it was Marilyn!' consider Clinton not such a bad guy after all, and light a few Tomahawks, while the public will tell the Republicans to forget about it in case the stock market gets seriously upset [after all the juicy bits are fully detailed of course]. Off to snooze while the markets work their magic. $65 tomorrow? $80 by 30 September? Maybe. Mqurice PS: Dougjn, I'll come back to parallel importing later! Had a few days off, mid debate. No, you didn't scare me off. Also, end of year results are usually a couple of weeks into November. Probably the same again. 'Leaping' into action this week too. No idea of Leap value and I won't get the details for a couple of weeks! Have a nice day folks. Enjoy pdQ.