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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Paul Fiondella who wrote (44667)	1/9/1998 4:40:00 PM
From: Joey Smith	Read Replies (3) of 186894

re:The fast way: The Nikkei goes below 14000 and the defaults start. In a defaulting environment the international fiancial system will come apart in a hurry. Governments (ours and international) wont let this happen. Korea and other SE economies have already agreed to do what is necessary to install a stable financial system, as imposed by IMF, so we wont let things totally fall apart. What we will see in the next 6 months is basically a shakedown: survival of the fittest with the weak firms either going out of business or acquired by stronger firms. We'll definitely see some slow-down in their economy short-term, the question is how much/if any will it affect the multinationals. Wont last too long, imo. Look at a mexico a few years ago and look at it now. joey

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