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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Yiren Huang who wrote (12538)	10/30/1997 2:11:00 AM
From: Mitchel S. Untracht	Respond to of 27012

ronnie...i agree with your post except that economic backdrop of japan is also terrible. furthermore, european markets whose growth is to a greater extent tied to these regions compared with ours will ultimately be affected. i am no doomsayer, but do not see how, even if to a small extent, earnings of us company's will not be effected. without these issues, the premium already factored in the stocks is justified. with these issues they are not. any company that has a premium factored in (almost all tech stocks today) that misses will be hammered. No the risks and always preserve capital

To: Yiren Huang who wrote (12538)	10/30/1997 2:35:00 AM
From: Michael Kim	Read Replies (1) \| Respond to of 27012

Don't forget Korea. I was just there last week, and they are headed for big trouble. They've had 29 large corporate failures in the past 12 months, more than in the past four years combined. The Won is at record lows against the dollar. S. Korean unemployment is rising; the hardest hit will be new college grads. Recently Kia Motors, the #2 auto manufacturer in Korea, was taken over by the government due to insolvency. Kia's chairman also resigned just yesterday. (BTW, although Kia is a small name here, this is like Ford declaring bankruptcy in the US). More failures are coming, and this will soon spread to Korea's banking and financial industry as they struggle with billions in bad loans. Combine this and Japan's weakness with HK and you really do have a bad situation. IMHO, this shouldn't impact us the way it has, but we will feel it. I'm very concerned about Asia and the instability it brings to our us markets. Still, a long term position in Intel is nothing to worry about. MK