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Technology Stocks : General Semiconductor / GENERAL INSTRUMENT
SEM 15.43+2.3%3:59 PM EST

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To: John Hunt who wrote (22)1/24/1997 11:49:00 AM
From: louis mason   of 99
 
Dear John

Looks like the semi-equip stocks that have been doing well lately are dropping today, maybe because of a proposed interest rate hike?

Anyway, what do you think that this type of action (interest rate hike) would do to gic? I just don't know this sector as well as some others that i follow. do you feel like this stock has already taken its beating when it fell from 28/share recently? i'm also wondering if gic's relatively large debt load would be particularly bad in a rate hike situation.

Is there a classic economics 101 answer to my question?

Also, if you don't mind John- do you work for gic? i'm just curious about who i'm asking advice from.

thanks in advance, louis mason
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