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Technology Stocks : Samsung and Wireless -- Ignore unavailable to you. Want to Upgrade?

To: FactsOnly who wrote (69)	8/14/2002 11:32:30 AM
From: Eric L	Read Replies (1) \| Respond to of 374

Goodluck, << How can one purchase Samsung Stock? >> I'm really not sure. I presume you have read the thread header where I mention the status of their plans to list in the US. A good Asian or Korean tech fund might be the best route. I commented on that a bit back. Message 17711012 Personally I'm a bit leery about investing in any overseas company that does not list in the US. Currency conversion and fluctuation is one reason but availability of audited financial data in compliance with SEC GAAP is another. Samsung Electronics does do a decent job with audited financials. BTW: Even though in English and containing USD, I recommend adding the Korean font Pack to Adobe Acrobat Reader 5 when viewing Samsung's (or other Korean) PDFs. - Eric -

To: FactsOnly who wrote (69)	8/14/2002 10:11:34 PM
From: waitwatchwander	Read Replies (1) \| Respond to of 374

South Korea proposes penalties related to analyst reports from UBS Warburg and Merrill Lynch boston.com By Associated Press, 8/13/2002 13:34 SEOUL, South Korea (AP) South Korea's financial watchdog proposed penalties against local branches of UBS Warburg and Merrill Lynch on Tuesday for allegedly giving some investors an early look at research reports. After monthlong investigations, the Financial Supervisory Service said it will issue a ''severe disciplinary warning'' against British securities firm UBS Warburg's Seoul office for ''unlawful business conduct,'' including leaking analyst reports on such companies as Samsung Electronics Co. The proposal is subject to approval by the Financial Supervisory Commission, which is the financial watchdog's decision-making body. The commission will make its decision Friday. A firm that had received a ''severe disciplinary warning'' may have its business suspended if such a violation is repeated, the agency said in a news release. The Seoul office of U.S. securities firm Merrill Lynch will receive a ''disciplinary warning'' a penalty one notch lower than that imposed on UBS Warburg for similar charges, the release said. Fifteen UBS Warburg staffers and six at Merrill Lynch will separately receive penalties including suspension from work and salary cuts, it said. ''We note that it was unintentional, and accept the penalties. We regret the incident,'' said Kim Hye-kyong, a spokesman at UBS Warburg's Seoul office. ''Merrill Lynch is cooperating fully with the Financial Supervisory Service on this matter,'' said Joshua Goldman-Brown, a Merrill Lynch spokesman in Hong Kong.