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To: Dale Baker who wrote (8150)	6/29/1999 4:49:00 AM
From: B Tate	Read Replies (2) \| Respond to of 118717

Yeah been there and have been slowly plowing through it. The Thai company looks like a survivor, both the glass and snack food divisions look to prosper eventually. The Bonifacio project in Manila is impressive and with gov't promotion of the high-tech sector and the 'clean' environment in downtown Manila, should succeed. Having trouble getting ahold of the Indo food company. Don't know anyone there and feet on the street on this one will probably be needed. Banking, forget it for me. My issue is a seemingly lack of focus on a core business. I don't personally feel that consumer related products, finance and property management fit all that well. Throw in the phone providers and some of the other smaller companies (I believe they also have a small IT consulting company in Thailand) along with the severe differences in cultures in their operating countries and your looking at a penny stock, high risk without any prediction on results or performance. Additionally it is nigh on impossible to get information that is reliable in a couple of these countries today. Not to say that won't change but its just not for me. One NORE is enough for me at this point. Good Luck with this one, hope it goes 10X!