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Technology Stocks : LSI Corporation
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To: john dodson who wrote (14643)8/30/1998 11:17:00 PM
From: Grand Poobah   of 25814
 
I have a good friend who is an expert on Russia, and he says that Russia's economy is in an advanced state of collapse. He also says that Chernomyrdin, Yeltsin's new appointee, was responsible for a lot of the poor economic policies and that Yeltsin made a big mistake by firing Kirienko, who was in the process of making necessary reforms. Yeltsin has now given up on economic reform and is just hoping for some political stability between now and the next presidential election in 2000. Things do not look good for Russia, whether Chernomyrdin is confirmed by the Duma or not.

However, isn't the market grossly overstating Russia's impact on the world economy, if indeed that is the cause of the past week's drop? Opinions, anyone? We all know how LSI is dependent on that big Russian market... <g>

G.P.
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