QUANTUM Message Board - Msg: 2955471

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Technology Stocks : QUANTUM

QNTM 9.940

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Dec 5 9:30 AM EST

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To: Rob S. who wrote (6663)	12/13/1997 1:48:00 AM
From: William T. Katz	Read Replies (1) of 9124

Rob, I understand the IMF may not "allow" the dumping of the past, but the Korean won has dropped really substantially. In light of that, the Korean companies can (and will) be able to fully use their production capacity and decrease price if necessary to make sure their volumes are moved. They will still make profits even with good reduction in pricing if the yen isn't devalued and the won stays weak vs dollar. The change seems to be the currency devaluation ... this allows dumping pricing policies of the past to actually be profitable export policies. Am I incorrect in this interpretation? This is essentially one of the points raised in the WSJ article today.

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