Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (10134)	11/21/1997 8:35:00 PM
From: Mark Adams	Read Replies (1) of 94695

It's tempting to dismiss SE Asia's impact on SemiEquip Mfgs, but don't. Take a look at techweb.com ... the nation's troubles are beginning to filter down to its mighty electronic companies. For example, unable to get capital in the local market, Samsung Electronics -- the nation's largest chip maker -- has reportedly failed in raising the necessary funds for a wafer-fab expansion plan in an offshore offering, commonly called global depository receipts (GDRs), several sources said. Samsung hoped to generate $300 million in the GDR, but could only obtain $130 million, sources added. It remains unclear what Samsung's next step will be to raise capital. Samsung officials in Seoul could not be reached on Friday. looking to invest in the sector myself, but the time isn't right yet

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