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Technology Stocks : Intel Corporation (INTC)

INTC 35.75

+3.6%

Nov 24 3:59 PM EST

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To: bundashus who wrote (40981)	11/24/1997 1:40:00 PM
From: Paul Fiondella	Read Replies (1) of 186894

The Japanese Model "Now we ought to look real hard at the way they do business in Asia before we dump billions of US taxpayer $$$ into the impending bailout." ---- H.R.Parrot as quoted in the Daily Speculator I found this totally obnoxious remark concerning Asian business practices characteristic of the way Ross looks at Asia. ITs obvious that he thinks business practices in Asia are different from those in the USA. Once again the Asian markets are way ahead of us. Ross simply has been out of the business too long to understand what it takes to survive in today's world economy. Yamaichi was a pioneer in the area of selective profit allocation models. For example it was well known to maintain off the book debts solely to keep its balance sheet attractive to creditors it sought to impress. It also favored its best investors with solid profits by transferring trading losses to other accounts in the Cayman Islands. These and other harmless practices like making token donations to minor criminals to help keep the peace on the streets of Toyko should be considered the price of doing business in the real world. Yamaichi was a pioneering company. There are many similar companies in South Korea where we have real security interests to defend. I don't think its too much to overlook a few creative business practices when it comes to securing the health of the US export market for computers and other high tech products in Asia. I think the vast majority of Intel investors would agree. Who cares if they are corrupt, and we have to bail them out every once and a while with taxpayer money, if they buy our goods. We did it for the S&L's, we can do it for the chaibois.

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