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

To: Andrew N. Cothran who wrote (16699)	10/17/1998 7:39:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Long the pound? The UK farmers are moaning because New Zealand lamb is too cheap. They can't make a quid. Some boycotting of New Zealand lamb has recently been done, though not Tesco or Sainsbury who say they'll sell what customers want. But the point is, the pound is high and causing distress. New Zealand has let the NZ$ drop heavily from the high of US$0.72 to US$0.49, but now up to US$0.54 after the Alan Green$pan interest rate cuts. It seems that Japan, UK, USA, New Zealand and others will mutually expand their money supplies to ease the threat of recession. NZ has already done it some time ago. The USA and Japan are doing it. The UK won't hold out. There is no merit in holding out anyway. I suspect being long in most currencies is not that hot. I'll stick with long on QUALCOMM. And borrow your cheap money to do it. Thanks, Mqurice PS: On baseball and the QUALCOMM stadium. Who cares if they build another on Ramsey's money? It will take them years and by then it won't matter as the brand image of The Q, QUALCOMM, Mighty Q etc will be everywhere, right there in everyone's hand. Is there a Big Mac stadium somewhere? Compaq? IBM?

To: Andrew N. Cothran who wrote (16699)	10/18/1998 3:20:00 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Okay, got it! Thanks to a kind Web pal. Check out the S&P500 vs Nikkei and the US$ vs Yen in these graphs. You'll see that until Thailand bit the dust and the Asian contagion started, the two stock indices, adjusted to US$ values, were the same as 1983. Despite the much bigger fall in 1987 in the USA and despite the massive bear market for the Nikkei since 1990. The Nikkei's bear market is going to exceed the massive 1929 to 1945 bear market in the USA at the rate it is going, measured in Yen. nikkei vs s&p 500 quote.yahoo.com^N225&d=mys JPY vs USD comcen.com.au It shows the elasticity and slipperiness of money. And just how much variation these tsunamis can make. The US$ went from 260 yen to the dollar in 1983 to a low of 80 yen to the dollar in 1995 when I missed out on my borrow yen, buy MSFT plan because I couldn't find a bank with a yen to lend me their yen. That would have been a good deal. We can be sure the reverbrations will continue. I'm a bit surprised at the two indices being the same pre Thailand as I'd thought they had parted company. Even now, they haven't moved so very far apart - certainly the gap can easily fill in again. I expect by the Nikkei moving up rather than the S&P 500 moving down. Just as the S&L crisis didn't put paid to the S&P 500. Japan will print a bunch of Yen, the US$ will rise somewhat though the US$ is being printed too so the rise will be modest, the banking crisis will be fixed up [bad luck for the shareholders and diluted cash holders] and the QUALCOMM shareholders will rock [I understand that's modern jargon meaning we'll do just fine]. Mqurice