Altera Message Board - Msg: 5698592

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Technology Stocks : Altera

ALTR 53.61

+1.3%

Jul 7 5:00 PM EST

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To: kas1 who wrote (1871)	9/8/1998 11:27:00 PM
From: Joe Pirate	Read Replies (1) of 2389

>>applied materials starting having 3-day weekends (fridays off) at its santa clara headquarters before its stock went from 40 to 24...>> Yep, they started "purging" and taking measures back in December 1997 when there were signs of "bad" things to come.. Eventually, the ASIAN crisis inflicted heavy casulties on those poor souls into the wee summer days.. LAYOFF !! Blame it on the "ASIANS" when they created a flurry of business over the past years, building BILLION dollar FABS with borrowed money WHICH they can NOT pay back!! Companies selling to the overseas markets got PUniSheD!!!! So, what you really need to AXE yourself is this "How much exposure to ASIA does this one have" ? Pirate

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