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To: shane forbes who wrote (12056)	5/1/1998 2:07:00 AM
From: shane forbes	Read Replies (1) of 25814

And now for something to appease the weary souls (from Dow Jones): ---- TAIPEI -- Sifting through the pile of first-quarter earnings from Taiwanese technology companies this week, analysts say it's almost certain the industry has bottomed out. Tech experts contend the worst may be over for most technology companies, particularly those that manufacture personal computers and semiconductor chips, with a recovery expected in the second half of the year. However, companies that are heavily reliant on dynamic random access memory, or DRAM, production may continue to suffer as global prices are expected to stay depressed, analysts said. 'What we're seeing now will probably reflect what's going to happen in the next two to three months so the worst for the market is over,' Rick Hsu, assistant vice president at Grand Cathay Securities Corp., said. 'We've essentially entered the bottom of the share price performance.' --- Of course this is Taiwan not the USA - but Nasdaq = proxy for Taiwan exchange... Kurlak eat your heart out... --- Shane.

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