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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Mohan Marette who wrote (57537)	8/11/1998 9:50:00 AM
From: D.J.Smyth	Read Replies (2) of 176387

"worry too much". very possible mohan. japan hasn't hit any all time low, nor has korea, taiwan, or singapore. china's market is actually still up percentage wise for the year. most analysts believe that china's threat of devaluation was a bluff as such a devaluation would hurt china more than it would hurt japan given that china sells a significant portion of their manufactured goods to asian neighbors. china has been the stabilizing factor in the region. they threatened devaluation because some japanese goods at 150 yen become on par to chinese goods relative to cost. so we bought more dell this morning. the whole idea of a devaluation was for China to stay competitive with Japan for world markets. since the yuan isn't traded on the open market, the value being set by committee, it is difficult to control the value of the yuan relative to other floating currencies such as the yen. i would imagine that both the us and japan would begin to buy yen and sell dollars on the open market to prop it up about now.

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