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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 Engel who wrote (58394)6/22/1998 6:08:00 PM
From: mauser96  Read Replies (1) of 186894
 
Paul ..The reason that Intel may be interested in a Korean company can be found on the first page of Monday's Wall Street Journal. Strong US currency + weak Korean Currency + financial problems for seller = dirt cheap prices. Facilities in SE Asia are on sale at far less than replacement prices, and LG Semicon may be needed as a supplier in the future for RDRAM, or maybe they have plans to eventually produce some other kind of chip .. Intel might not have been able to resist a "blue light special",especially if they think the Korean currency has reached it's maximum devaluation.
Official recognition of declining GNP in Japan plus elections to be held shortly stand a good chance of putting the Japanese in a position to take the painful steps needed to get their banks and country on the right track finally (instead of just talk). This would be good for the US equity markets and Intel.
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