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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: noneed who wrote (20030)	11/12/2000 5:21:13 PM
From: puborectalis	Respond to of 24256

Will Dell Buy VA Linux? by: chasfenwick (Yahoo thread) 11/12/00 12:56 pm Msg: 19687 of 19690 It makes perfect sense. Market commentators are saying that, in order to maintain a growth rate anywhere near what they have had in the past, Dell will have to drastically reduce its dependence on the "desktop" market. As "thin clients" become more and more prevalent, internet servers will dominate the network landscape, and VA Linux has carved out a unique niche as THE specialist for Linux-based servers. And "mail order" too, with a unique and attractive scheme for customers to select preloaded Linux software from an internet-hosted database. Linux-based servers will increasingly dominate the server segment, taking market share from M$ Windows and the various flavors of Unix, for the simple reason that it will be far more cost effective than what has been the norm for that function. And with corporate earnings slowing, there will be increased pressure for IT purchasing to sharpen their pencils. Yes, Dell already offers Red Hat Linux with their servers and some desktops as well, but there is no escaping the limitations of their dependence on an outside vendor for this. (I am long both LNUX and RHAT, by the way). Anyone else see this situation the way I do?

To: noneed who wrote (20030)	11/12/2000 5:23:55 PM
From: puborectalis	Read Replies (1) \| Respond to of 24256

Hyundai faces bankruptcy deadline Unions are angry at the thousands of job cuts The Hyundai Engineering Company is teetering on the edge of bankruptcy. For the second week in a row, one of Korea's flagship companies faces collapse and is forced to ask its creditors for mercy. Hyundai says that "foreign creditors have been asked to extend the maturity of $80 million dollars of bonds with warrants due on Monday," but claims it can meet the $35m in loans due to domestic Korean suppliers. The state-owned Korea Exchange Bank, which is Hyundai's largest creditor, says the company owes it $2.6bn in debt, and has further borrowings of $4.4bn. Last week creditor banks agreed to roll over more than $700m worth of debt until the end of the year, in order to allow the company to raise more money. But the banks have threatened to take control of Hyundai if it fails to meet that deadline. Korean Finance Minister Jin Nyum told the ailing company that it would be forced into court receivership or to accept the debt-for-equity swap, if its fresh reform plans proved unsatisfactory. Reforming the chaebols The Korean government and foreign observers believe that the giant Korean companies, or chaebols, who got into financial trouble by over-borrowing during the Asian crisis, need drastic restructuring. But attempts to slim them down, as in the case of Daewoo Motors, has led to fierce union resistance - and a reluctance by foreign firms to step into the breach. Last week Daewoo was put into receivership by its creditors, a move which may ultimately make it more attractive to prospective foreign buyers like GM, who are still investigating a possible purchase. On Sunday Korean trade unions demonstrated against the planned 3,500 job cuts at Daewoo if the restructuring plan goes through. Hyundai is the largest of Korea's family-run conglomerates, but a rare family dispute is adding to its troubles. Brothers fall out Chung Mong-Hun, who heads Hyundai Engineering,, has called for financial help from his brothers and relatives who control other Hyundai affiliates - partly in order to avoid having to sell his own stake in the company. But Chung Mong-Koo, chairman of Hyundai Motors, the country's largest automaker, and eldest son of group founder Chung Ju-Yung, has rejected giving financial assistance to Hyundai Engineering. The brothers have been at odds after their father chose Chung Mong-Hun as his successor to the throne of the remnants of the vast Hyundai empire. Hyundai Motors became a separate company on 1 September. The refusal by Hyundai Motor to give Hyundai Engineering a helping hand was seen as a setback to the company's efforts to scrape up fresh cash to avoid bankruptcy by the end of the year. The construction firm is hoping to sell off a huge parcel of reclaimed land in Sosan to help pay off its debt. But analysts are sceptical that it can raise enough to retain family control. "The reason why they failed to meet the target was not because they were slow in implementing but because they proposed measures they could not carry out," said one analyst at a foreign brokerage. Search BBC News Online Advanced search options BBC ONE TV NEWS WORLD NEWS SUMMARY BBC NEWS 24 BULLETIN PROGRAMMES GUIDE See also: 07 Nov 00 \| Business Daewoo close to collapse 06 Nov 00 \| Business South Korean strike threat 31 Oct 00 \| Business More trouble for Korea's chaebol 08 Aug 00 \| Business Hyundai under pressure 27 Mar 00 \| Business Hyundai torn by feud Internet links: Hyundai The BBC is not responsible for the content of external internet sites Other top Business stories: Brown defends fuel plan Railtrack faces huge bill from operators Hyundai faces bankruptcy deadline Opec delays oil summit Asia-Pacific states seek common ground Markets tumble on election turmoil Bertelsmann approaches EMI LSE bid reaches end of the road Links to top Business stories are at the foot of the page.

To: noneed who wrote (20030)	11/12/2000 6:35:20 PM
From: SirRealist	Respond to of 24256

NASDy futures not looking good Noneed. Consider that the correction's not done, the election outcome will be final Friday, HWP is the next soldier to fall, the MidEast: 4 days down as the bloodstream grows bigcharts.com and sometime this week (too early to predict Monday) I expect the final bottom of the season: 2875. Be vigilant if we find a range of 2965-3050. A break lower is likely headed to my new bottom. A break higher provides some courage and 3200 is a confirmed turn to el toro.