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Technology Stocks : LSI Corporation
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To: DavidG who wrote (10143)2/24/1998 11:03:00 PM
From: Duane L. Olson   of 25814
 
David..IMHO, there won't be any IMF checks to support the Korean chipmakers... Instead IMF will provide the funds for currency support, etc. If the Chaebol chipmakers are to raise capital, they will have to do it through private sources... And so far, there is a large list (in the current issue BW) of assets they are selling to raise SOME of the needed $Bil 7 to 10 to move to the next level.
But I share your fear of the Taiwan and Japanese competitors.. If they can develop the engineering design capabilities (not a sure thing)..surely their manufacturing prowess gives them a formidable edge.. Duane
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