<"However, there are two unknowns: one, Asia, including the fear
that S. Korea's troubles could be but prologue to a greater drama
unfolding behind the rice paper in inscrutable Japan, and two,
closer to home, the self-feeding deflationary impact of margin
calls as trigger-happy on-line traders awake to the discovery that
the storm has affected their powder. In a glade now busting with
prime game, rare is the hunter who can.">
Tyro,
I really enjoyed how you expressed your points.
What really surprises me about the Asian problem is how all of a sudden people seem to be
stunned with the devaluation of real estate in Hong Kong. I was in Hong Kong
last April and the Chinese people were leaving by the hundreds taking with them their
money. This was no secret. Guess where they moved to...here in the good old U.S.A.and Canada
O.k. by me.
Visited Beijing,China also and found from what I saw cell phones are big there and with the
lack of infastructure, seems cell phones make big sense. (cents):-)
MRVC plans to open an office there in the very near future. Sam may have covered this.
With MRVC's advantages over the likes Cisco and Bay Network in Europe (stated by Noam at
the Meeting) and Noam not seeing any significant signs of the Asian market declining for
MRVC, Yet and with the cash the company has accumilated for Marketing, R&D, expansion,
etc. I can't see how we can be wrong staying here for the fun. Having said all this, Japan's Yen
didn't fall off a cliff- just kinda rolled down a hill. Now everyone is fearful they will sell their
treasury bonds. Could be a big problem.
John LoBianco |
