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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

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Dec 18 4:00 PM EST

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To: Michael P. Michaud who wrote (7227)	12/14/1997 11:21:00 PM
From: JP Sullivan	Read Replies (3) of 13925

Derrick means ASEAN, as in Association of South East Asian Nations, a cozy club of 8 (or is it 9?) nations in--no prizes for guessing--South East Asia. Of all the Asean nations, Singapore is perceived to be the most solid vis-a-vis fundamentals: huge foreign reserves (3rd or 4th largest in the world, I think), a highly educated, English-speaking workforce, superb infrastructure and a no-nonsense (virtually zero tolerance) government. It therefore follows that Singapore has been least affected by the Asian crisis, but it has nevertheless been rocked. In the event of a recovery, I think Singapore will be at the forefront. Disclaimer: I'm not a Singapore-phile, but facts are facts ;-) Winston

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