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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST

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To: Joey Smith who wrote (41990)12/11/1997 3:27:00 PM
From: Barry Grossman  Read Replies (1) of 186894
 
Joey,

Good move.

I think this Asian crisis is overdone. The so-called problem over there, is, in my opinion, not all a bad thing. After all, when all is said and done, the net effect will be that those economies will have weeded out some of their long-term problems and this is a good thing for the world economy.

Sure there are short-term effects, like this weeks market drop, but the short-term is much more visable than the long.

I heard Bill Seidman today on CNBC say that there will be an awfully lot of cheap imports coming into the USA for quite some time as these nations try to recover from this rationalization of their economic sysytems.

Cheap imports mean cheaper component parts which means more computer sales which means more chips which means more profits for you know who.

All will occur FASTER because sales world-wide will become FASTER rather than SLOWER had this "crisis" not occurred.

Barry
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