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Technology Stocks : SYQUEST
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To: RagTimeBand who wrote (4556)10/31/1997 12:47:00 PM
From: RagTimeBand  Read Replies (1) of 7685
 
Southeast Asia Currency Fall Halts Local PC Market Growth
(10/30/97; 4:20 p.m. EST)
By Mark Carroll, Electronic Engineering Times

>>The currency devaluations will, of course, lower the cost of PC components manufactured in these countries. Conversely, it casts a large cloud over the possibility of selling computer products in what was forecast to be the most attractive market in the world.<<

>>Although the U.S. CPU makers are very close-lipped about the currency crisis, they admit they also are feeling the effects. "Asia as a whole is OK, due to the strength of the China market," said a spokesperson at Intel, in Santa Clara, Calif. "Sales in Southeast Asia are sluggish though. We are monitoring the situation very closely.''<<

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