Qualcomm Inc (QCOM)

[IceRich]

South Korea Political Problems - President Impeached

This may affect QCOM's short-term stock price depending on how things play out. Usual FUD.

Divided S. Koreans Impeach President
http://www.washingtonpost.com/ac2/wp-dyn/A49867-2004Mar11?language=printer

Roh is to be automatically suspended from office for up to six months pending a ruling by South Korea's nine-member Constitutional Court, leaving Prime Minister Goh Kun temporarily in charge at a pivotal time. South Korea, with Asia's fourth-largest economy, faces political chaos as it struggles with a fragile economic recovery and as totalitarian North Korea has vowed to become a nuclear power. In Seoul, stock shares tumbled more than 5 percent after the vote. ....

Hahm Sung Deuk, a leading political analyst at Korea University in Seoul, said: "There will be major fallout from this for South Korea; impeachment will mean increased economic and political uncertainty. This is a time when we need stability, and instead, we have the opposite."