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Technology Stocks : Creative Labs (CREAF)

CREAF 0.370

-21.3%

Oct 31 1:10 PM EST

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To: Douglas V. Fant who wrote (11294)	5/15/1998 5:10:00 PM
From: Savoirman	Read Replies (1) of 13925

Indonesia is not yet a big part of Asian GNP, largely because the manufacturing and services offered are still quite rudimentary. But it's a huge market of consumers, and thus has (or had) tremendous growth potential. It was also potentially a good place to relocate manufacturing because labour is abundant and relatively well educated. Other Asian countries like Korea, Taiwan, Singapore, Malaysia and of course Japan have far greater economic implications for the region in terms of GNP/GDP. Indonesia was largely self-sufficient in rice and other necessities and its other needs were simple. It has a tiny class of elites which has very sophisticated and bourgeois needs but the rest of the country made do with basic stuff. I guess the implications for Asia may not be great but the lost opportunities for MNCs (mostly US and European, but some Asian) could be very substantial.

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