Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (7049)	10/28/1997 6:55:00 PM
From: nycnpbbkr	Respond to of 25960

Spectrum Institutional Stock Holding as of 9/30/97 QTR CHANGE CURRENT HOLDINGS NICH02 NICHOLAS-APPLEGATES 729306 1235534 FIDE02 FIDELITY MGMT&RES CORP 842600 1048000 GEDR GEORGE D BJURMAN & ASSOC 72470 938500 that was the 3 top holding others of interest....... MORG03 MORGAN STANLEY D WITTER 571486 654686 MONT03 MONTGOMERY HOLDINGS 0 70000 SORO SOROS FUND MANAGEMENT CO 39978 39978 MONT04 MONTGOMERY SECURITIES -13900 34800 STAT03 STATE STREET RESR & MGMT -2022000 0

To: Mr. Aloha who wrote (7049)	10/29/1997 9:11:00 AM
From: D.J.Smyth	Respond to of 25960

This news flash came from Brandes Investment Partners this morning who are value players and have been ostensibly negative regarding Asia but now are turning around their attitude (Brandes handles all our large international portfolio accounts): "For years, we have heard about the "Sian Miracle", defined as high econimic growth, low currency risk and generally high stock market valuations. For years, we have been fielding questions as to why we were not generally invested in this region with all this good news and great opportunity. Our only response was simple and consistent, "The stocks aren't cheap enough for us." The perceptions over Asia have changed, it is now being coined "The Asian Disaster". Both perceptions were wrong; it was neither as rosy as believed in the past, nor as dire as is currently viewed. Over the past 18 months, some top Asian companies have gone from trading at 4 times book value to trading at less than book value, while their currencies declined. It may be time to change our answer to, "It's starting to look attractive to us from a value-oriented perspective." Don't be surprised if you see an increased commitment to Asia from our current stance of very limited exposure." If you had placed $100,000 with Brandes in 1988 it would be worth some $2.4 million today, so they have done well for their clients. You can call 1-800-237-7119 if you have questions about this copy or may like to receive copies.