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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (71976)	12/16/1999 2:46:00 PM
From: gnuman	Read Replies (1) \| Respond to of 132070

MB, re: <The reason the ADRs are pricey is because there is a major problem in exporting capital gains out of Taiwan.> Interesting. How about a company that has made an investment in a Taiwan foundry through purchase of stock? (For example, S3/USMC).

To: Knighty Tin who wrote (71976)	12/16/1999 3:02:00 PM
From: CYC	Respond to of 132070

MB: I thought about that. But, as far as I know, the government there has relaxed the laws governing capital flows in recent years dramatically, so it should not have been a big factor. Of course, I am no authority on these issues and have not done enough digging to find out the details. Also, a number of original investors in Taiwan have filed to sell their shares through ADRs simply because the huge premium at the present time.