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Technology Stocks : Cymer (CYMI)
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To: chaz who wrote (11787)12/21/1997 11:06:00 PM
From: Scott Violette  Read Replies (1) of 25960
 
Chaz: I think some of your opinion is becoming fact. Koreans are cutting prices and dumping their product in the USA as of this past week.

I know that everyone as enjoyed speculating about the recent "Asian Flu" and its ramifications on the USA. It is really interesting when it is in the news and papers, but it is different when the effects are not so hypothetical. I am involved in specialty chemicals outside of Semi Industry and the Koreans have begun using their currency devaluation and cash crisis to cut prices in the USA and to generate hard currency. I have every reason to believe that they will do the same with every other product that they make (DRAM's, steel, cars, etc.). Good news for the american shopper. Bad News for the american manufacturer competing with them.
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