Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.78

-2.7%

9:45 AM EST

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To: Mohan Marette who wrote (40881)	11/21/1997 10:49:00 PM
From: Paul Fiondella	Read Replies (1) of 186894

Another source for Book to Bill ratios semi.org Yamaichi brokerage had $24 billion in debt when it went belly up today. It is the largest post war corporate failure in Japan. There is some news out that it approached Fuji Bank for a bailout and now speculation that Fuji could be affected. To put Yamaichi's debt in perspective, consider that Korea needs $20 billion to begin to cover its short term debt problems which may amount to 50-100 billion. There is also talk that the US will ultimately have to get involved in Korea's financial problem more directly because of security issues. Intel faded much earlier than the Yamaichi news. Once again it was opened high by the market makers. They seem to play the overnight sucker effect every chance they get and it works every time.

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