Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: dwight vickers who wrote (20044)	2/10/1998 9:41:00 AM
From: Paul Fiondella	Read Replies (1) of 42771

(Off Topic) Suharto goes nuts --- decrees rupiah must go up interactive.wsj.com The rupiah is at 9500 to the dollar. Suharto wants it back down at 5500. So rumor has it he will establish a currency board solution (like Hong Kong) in which the value of the rupiah is fixed to the dollar and the government holds that rate by raising interest rates (as is done more or less in Russia where they are 42%). With food riots and economic chaos imminent and the old dictator clutching his 30 billion bucks in his Swiss bank account and absolute power at home for dear life, this is the last desperate move. The effect of the fixing of the rupiah will be that Suharto's cronies can rush to the bank and swap their worthless currency into dollars at an incredibly attractive rate. This can go on until all the IMF (read your money) is exhausted. Then Indonesia will be truly broke. Perhaps Clinton can fly over there and put on a nice Indonesian shirt again and give back some of his campaign contributions. Hey want to buy an Indonesian bond? Anybody home at Templeton?

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