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

To: Valueman who wrote (15986)	10/5/1998 11:03:00 AM
From: straight life	Respond to of 152472

Dow's down over 117, but NASD over 70 points, close to 5%. CSCO 8 or so LU another 5, Mr. Softy 6; maybe no help from G7; could this be (I hope) a capitulation by the bulls???

To: Valueman who wrote (15986)	10/5/1998 11:18:00 AM
From: Sawtooth	Read Replies (1) \| Respond to of 152472

<<Did I miss something that is causing QCOM to be down over 4???>> You may have missed the major meltdown in telecomm and networking stocks today. CSCO, LU, Ericy, Noka, TLAB, ....., getting pulverized!

To: Valueman who wrote (15986)	10/5/1998 11:22:00 AM
From: dougjn	Read Replies (1) \| Respond to of 152472

Telequip continues to be killed. Lu, Csco now. G7 uncertainty casts doubt on the strength of the global safety net. The right guy won in Brazil elections Sunday, but it remains unclear if he won by enough to preclude a run off against his socialist opponent. Even a challenge from Lula could make budget cutting (from the 8% of GDP defecit they now have) stalemated for a while. Meanwhile the wolf's at their door. The Japanese bank capital situation story in the right column of the NY Times was pretty scary. Did you see the Newsweek cover story? Newsweek does not have a long history of financial genius, but the story basically just said out loud what many have been thinking and whispering. It lays out the macro bad case scenario simply, but pretty well. This is all general market stuff of course, but also hits Qcom where it lives. You're thinking, compadre? Doug