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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (4419)6/11/1998 11:49:00 PM
From: Steve Tauscher  Read Replies (1) of 9980
 
Hello Zeev,

I've followed many of your posts in the semi-equips. Thanks for your reply. It wasn't clear to me in your post whether you remember a specific change in policy that we mis-interpreted or that you do not remember a change in policy that we're refering to. Your post indicates that equities are (and always have been?) valued at market prices, at least on a quarterly basis. But I do vaguely remember a policy change earlier this year involving "book values of equities". And prior to this, I had heard that lower equity prices were a concern (at the levels you gave and for the reasons you indicated). I remember (again imagined?) the newswire because I thought it was a very convenient thing for them to do in an environment of falling equity prices! However, as I said I have been suffering from "old-timers" disease <G>. I will try to find a source.

Best regards,
Steve T
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