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

To: quidditch who wrote (31683)	6/3/1999 8:44:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 152472

Steven: Smoot and Hawley must be partyin' like ..., well, ... like it's 1999! Thursday June 3 12:52 AM ET Greenspan Mum On Rates, Warns On Trade Full Coverage Alan Greenspan and the Federal Reserve BOSTON (Reuters) - Federal Reserve Chairman Alan Greenspan Wednesday steered clear of commenting on the outlook for U.S. interest rates, instead repeating his concern over waning U.S. support for free world trade. In a speech to business leaders in Boston, Greenspan lashed out against a rising tide of protectionism in the United States and criticized the Clinton administration's trade policy as being too confrontational. But the speech gave no hints for financial markets, which were eagerly awaiting any indication on the future course of interest rates. Recent reports depicting an economy in danger of overheating have raised speculation the Fed will raise borrowing costs soon, and Greenspan did nothing to convince world markets otherwise. ''The United States has been in the forefront of the postwar opening up of international markets, much to our, and the rest of the world's, benefit,'' Greenspan said. ''It would be a great tragedy were that process reversed.'' His remarks largely mirrored a speech the Fed chairman gave in Dallas in mid-April. The U.S. dollar firmed marginally against other key currencies in reaction to Greenspan's speech. The prospect of higher U.S. interest rates tends to benefit the U.S. dollar since they would make dollar-denominated assets more attractive to hold relative to others. Greenspan, a fervent free-market advocate, said a massive rise in world competition that growing international trade had brought over the past half century had resulted in ''markedly higher standards of living'' for countries that participated in cross-border trade, particularly the United States. The central banker harshly criticized the administration's trade policies for being too focused on the goal of job creation rather than overall standards of living. He also said it was too adversarial and noted that trade was not a zero-sum game in which a gain by one player is always to the detriment of the other. ''We try to promote free trade on the mistaken ground that it will create jobs. The reason should be that it enhances standards of living through the effects of competition on productivity,'' Greenspan said. The notion of rising productivity that may have contributed to keeping inflation in check in the ninth year of an unbroken U.S. economic expansion has been a key feature in the debate about the sustainability of the nation's economic boom. dailynews.yahoo.com

To: quidditch who wrote (31683)	6/3/1999 8:57:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

BAAAaaaaaaaa and Q! stock value Clinton should listen to Green$pan, not some sheep farmers feeding [mostly] protected coyotes in Wyoming. Green$pan has warned that the protectionist fervour in some parts of Congress will harm the USA economy. Hobby sheep farmers in the USA shouldn't be allowed to scuttle free trade trends around the world. Write to your President now, to coin a phrase. That's good that China can still sell to the USA. But if USA won't buy from China's good buddy New Zealand, why should China buy from USA? Same for my pals in Japan! They aren't going to buy USA if the USA kicks their mates from NZ in the teeth. How about the Pentagon gang moaning that CDMA enables the Chinese to keep secrets? Such as where the most important Chinese embassy in the world was located in Belgrade. If they get CDMA, the CIA will never know where the Chinese are or what they are up to. Mqurice PS: Fun to see Q! heading up. I'm sure some people thought I was kidding about Q! value. It will be Microsoft/Dell/Intel/Federal Reserve combined. Microsoft makes the software = so does Q! Dell makes the box = so does Q! Intel makes the chip = so does Q! Alan Green$pan makes the money [literally] = so will Q! [my theory anyway] by arranging encryption and creating a financial transactions mechanism for the Web based on EudoraCoin [TM]. But whereas MSFT/Dell/Intel make PCs for a hundred million or so people, Q! will do the same, but wireless and much more useful and cheap enough with enough functionality to attract about 2bn people in the next 10 years. So you can add up those market caps and then triple it or some such. Anyway, they are very, very, very big numbers. That's a triple Irwin very.