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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Spank who wrote (34059)	10/30/1997 4:11:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 58324

China lifts tariffs on semiconductors, electronics............. techweb.cmp.com A service of Semiconductor Business News, CMP Media Inc. Story posted at 2 p.m. EST/11 a.m. PST, 10/30/97 U.S. industry praises China for lifting tariffs on electronics By Jack Robertson WASHINGTON -- China President Jiang Zemin lgave the electronics industry a hostess gift during his visit to the United States, agreeing to lift all his country's tariffs on semiconductors, computers, telecom products and semiconductor equipment. He said China would join the global Information technology Agreement (ITA) that has already been signed by the United States, Japan, the European Union, South Korea and 26 other countries. The promised tariff elimination on most electronic goods is part of China's campaign to be admitted to the World Trade Organization (WTO). Lifting tariffs would benefit all electronic exporters around the world shipping to China. The U.S. industry would especially benefit, since this country does an estimated $1.8 billion in electronic trade annually with China. U.S. electronic associations were quick to praise the ITA pledge by the Chinese president. Computer and telecommunication equipment tariffs in China range from 7-15%, while semiconductor duties are 6-12%. Tariffs on semiconductor production equipment can be as high as 35% -- although in recent years many of these duties were suspended in a Chinese policy to encourage capital equipment investment by foreigners in new fabs. Computer tariffs also may not have had a major impact on foreign vendors, most of whom set up joint venture assembly operations with partners in China. It was unclear how much, if any, duty was levied on parts and motherboards shipped to these assembly plants in China. Similarly, a growing number of chip makers have set up assembly operations in China for final packaging and test of devices, which may have escaped most tariffs. Intel Corp. has a brisk export business selling "Pentium-In-A-Box" microprocessors to China, that are then inserted into motherboards for finished PCs. Such single MPU imports into China would be subjected to tariffs. This extra cost has been little deterrent to the booming penetration of Intel chips in the Chinese PC market.The end of chip tariffs in China could only boost the Intel thrust further. It isn't clear if President Jiang's ITA pledge would cause the Clinton Administration to rethink its present opposition to China's admission into the WTO. Any further trade concessions by China might open the door for U.S. approval, sources felt.

To: Spank who wrote (34059)	10/30/1997 4:15:00 PM
From: Bill Fischofer	Respond to of 58324

Re: SYQT "Earnings" Total disaster. Revenue down 42% over the same quarter last year and down 19% sequentially from the previous quarter. Losses grew by 68% over last year. Only reason that "EPS" seemed lower was due to the massive dillution that occurred over the past 12 months. Cash at $7 million but inventories skyrocketed to $26 million (an increase of 154% over the prior year. Expect further inventory writedowns as a warehouse full of old disks isn't exactly an "asset". A last gasp at Comdex before the final crunch?