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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (68221)	9/25/1999 1:02:00 PM
From: AurumRabosa	Read Replies (2) of 132070

Here's a good article on the initial assessment of the impact of the Taiwan quake: ..."It looks far worse than what companies are saying about the damage," said analyst Danny Lam, a principal at Fisher-Holstein Inc. "Worldwide allocation (of Taiwan-made products) is inevitable." The Taiwanese government estimates that chip makers could lose more than $63 million a day due to production shutdowns. "And it could take no less than two months before foundries reach their pre-earthquake production levels," said Jim Feldhan, president of Semico Research Corp., Phoenix. It's a long article and it got chopped just when a CEO was telling the truth: "The situation is quite severe," said Roy Vallee, chairman and chief executive of Avnet Inc., Phoenix. It was really sad watching the spin doctors on the boob tube last night telling viewers that this dip in tech stocks presented an exceptional opportunity to get in at bargain prices. Message 11360101

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