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Technology Stocks : Micron Only Forum
MU 207.36+3.0%Nov 21 9:30 AM EST
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To: Bharat H. Barai who wrote (25462)12/16/1997 1:44:00 AM
From: Rob S.  Read Replies (1) of 53903
 
Nice description. I might add that investors in US tech stocks efected by S. Korean's barbaric warlike competitive policy (victory at any cost - rape and pillage along the way and take no prisoners) should contact their congressmen and demand that if the U.S. politcal gadflies agree to bail out the bankrupt Koreans that they do not allow the country to be blackmailed into doing so.

If Micron, or any other high tech company acted so irresponsibly in a quest to steal market share, the US government would be extremely unlikely to step in at the last moment to bail them out. We investors would be left with our empty brokerage accounts with no help from Uncle Sam.

The fear tactics the Asian countries are using ie. "If our 20% of worldwide market consumption goes bankrupt it will pull down the economically civilized world's 80%, therefore you have no choice but to save our asses" should not be meakly kowtowed to. Let the majority of offending companies go bankrupt or be taken over for 10c on the dollar as has occured during shake-outs of U.S. companies such as Fairchild Semi in the 80s. They wanted to play at a high stakes cpaitalist game and they have lost, let them sell out to the highest bidder and let the US and japanese investment bankers eat crow.

Write your congressmen and demand that U.S. taxpayers not be left holding the bag for the corrupt and ignorant policies of Asian countries.
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