Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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Dec 24 12:59 PM EST

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To: Yiren Huang who wrote (12538)	10/30/1997 2:35:00 AM
From: Michael Kim	Read Replies (1) of 27012

Don't forget Korea. I was just there last week, and they are headed for big trouble. They've had 29 large corporate failures in the past 12 months, more than in the past four years combined. The Won is at record lows against the dollar. S. Korean unemployment is rising; the hardest hit will be new college grads. Recently Kia Motors, the #2 auto manufacturer in Korea, was taken over by the government due to insolvency. Kia's chairman also resigned just yesterday. (BTW, although Kia is a small name here, this is like Ford declaring bankruptcy in the US). More failures are coming, and this will soon spread to Korea's banking and financial industry as they struggle with billions in bad loans. Combine this and Japan's weakness with HK and you really do have a bad situation. IMHO, this shouldn't impact us the way it has, but we will feel it. I'm very concerned about Asia and the instability it brings to our us markets. Still, a long term position in Intel is nothing to worry about. MK

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