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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 282.58

+8.6%

Feb 6 9:30 AM EST

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To: Chuck Bleakney who wrote (1683)	12/5/1997 4:01:00 PM
From: tom pope	Read Replies (1) of 9256

My only comment would be that the withdrawal of the Koreans from their DD ventures cannot be assumed. Altho the IMF agreement calls for measures that would lead to economic contraction and a more rational approach by banks in extending credit to the chaebols, both the NYT and the WSJ report today that there is considerable opposition within Korea to the restrictive terms of the IMF agreement and that the front runner in the upcoming presidential elections has pledged to renegotiate it. So I wouldn't bet that the most powerful Korean groups (and Samsung is among those) won't find access to credit and continue to expand - with at least covert government support.

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