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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: Bill Harmond who wrote (3131)	11/23/1997 2:48:00 AM
From: Rational	Read Replies (1) of 27307

William: That's a recipe for widespread financial ruin. This indeed is what Korea is going through. Again, I am not asserting that Korean banks will necessarily force Softbank to pay off the loans. But, they will tighten new credit lines, and encourage (as opposed to force) Softbank to pay off a part of the loan and Softbank will feel obligated to do so to maintain a long-term credit relationship which is vital for its survival if its leverage is the Korean company average of 3:1. In the US such credit crunch was prevalent during 1989-90. Banks reduced lines of credit with existing customers, encouraged them to pay off loans for long-term credit relationship, and extended little new credit. Sankar

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