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To: TREND1 who wrote (48631)	9/23/1999 4:33:00 PM
From: John Chen	Respond to of 53903

Larry,re: "very...serious". I hear you. Loud and clear. Just don't last like the Japanese. In Japan, people are very discipline. If what happens in Japans happens in U.S., forget it, you see a lot more people going to postal office. The problem is only the 'KNOW HOW' guys know how much real money we have in the system and how much is on credit. Or a pyramid that I buy you, you buy him, him buy her, her buy ... and nobody know who is buying who except that we are all rich, at least so far.

To: TREND1 who wrote (48631)	9/23/1999 4:40:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 53903

Larry I concur, I have two major target areas now, 9400 and 7800 on the Dow. Pretty scarry in the first case and a long term affair, a full year ahead of "schedfule if the second develop. Right now, I still do not see anything more serious that the mid 9000 as target and a powerful year end rally going well into election year. I still have a major bear in 2001 (first presidential year always a tough one and with the market as overvalued as it is, who knows. The only reason I am still bullish for 2000 (after a major correction which I believe we are only half way through) is massive excess of liquidity in the system. How will that new development impact the scenario? I do not think it will much. I think that the brunt of the decline will be in the DOT, financials, transportation, utilities and other such (like major cyclicals, but not oil), while the SOX should hold in the 460 to 500 area, but who knows. If MU closes under $72.5, the scenario will have to be shelved for a good 4 to 6 months, IMHO. Zeev

To: TREND1 who wrote (48631)	9/24/1999 7:51:00 AM
From: Bipin Prasad	Respond to of 53903

from bloomberg: ...... TSMC Recovery TSMC said today that it secured an agreement from local power companies to begin receiving 85 percent of its normal electrical needs by Saturday. ''With our own generator power as a supplement, this is adequate to get us up and running,'' said Ron Norris, senior vice president of worldwide marketing and sales for TSMC. ''Today we received some additional power allocation and are running at about 25 percent.'' Many of Taiwan's high-technology firms are based at Hsinchu Science Park, which has been shut since Tuesday. The normal combined output of companies there is more than NT$2 billion per day, according to the Securities and Futures Commission. Taiwan Power Co., the island's near-monopoly, said most of the power would soon be restored to Hsinchu Park. UMC Group, a semiconductor group whose units include United Microelectronics Corp., United Semiconductor Corp. and UTEK Semiconductor Corp., said it would need up to three additional days after Taipower restores electrical supplies to complete inspections and maintenance before returning to normal operations. It plans to report its status on Monday. ......