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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

+11.2%

Dec 8 12:12 PM EST

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To: Douglas V. Fant who wrote (7558)	12/28/1997 4:33:00 AM
From: Alan Chan	Read Replies (2) of 13925

DRRISK is right about Korea and Japan. Things are really bad in North-East Asia. The US, Europe and Japan are meeting in Korea tomorrow to iron out the problems before it becomes a world problem (I doubt very much that they will be able to do it. Every country is there for their own selfish reasons!). I hope Bill will be nice to the Japanese PM (short of kissing his feet) lest the Japanese should decide to dump all their US treasuries (some $380b worth). The Japanese economy is sick - official bad debts - US$280b, market estimated bad debts - US$800b. South Korea had everybody (including the IMF) believed that they are saddled with a US$100b foreign debt - the figure is now US$200b. (ditto for Indonesia). Latest ratings given to the countries in Asia: Japan - Aaa Singapore - Aa Malaysia - A2 Hong Kong - A3 Korea, Thailand, Indonesia - B? - junk bond status. As for CREAF, I do believe that it would stage a run-up till the next earnings report - the reason why I am still long - though I believe that it is very risky to hold on to any equities, including CREAF. Look for at least a couple of years of world financial turmoil! As for your 'rumours' on Malaysia, I wonder where you heard it. :) There is more race and religious tolerance in Malaysia than in the US!! Happy New Year to all!!! Happy investing but be cautious.

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