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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (10693)	11/10/1997 10:42:00 PM
From: davesd	Read Replies (1) \| Respond to of 70976

Jacob, it's a nice recap of events in 95 and 96....what are you trying to say?? Based on the above...it sounds like we have more downside..?? dave

To: Jacob Snyder who wrote (10693)	11/10/1997 10:58:00 PM
From: davesd	Read Replies (1) \| Respond to of 70976

News from around the world that directly or indirectly relates to semi caps..... Japan to Force Many Banks to Withdraw From Overseas Business The Finance Ministry will force many Japanese banks to withdraw from overseas business if they don't meet certain financial conditions based on risk exposure to financial markets, the Nihon Keizai newspaper said, without citing sources. The move will coincide with the Switzerland-based Bank for International Settlements' decision to require banks with international operations to meet certain criteria based on exposure to market risk. (Nihon Keizai) Hitachi Halts Texas Microprocessor Plant Construction 2nd Time Hitachi Ltd. stopped construction on its 40 billion yen ($322.2 million) microprocessor plant in Texas for the second time following the June decline in memory chip prices, Nikkei English News reported, without citing sources. The electronics maker expects the Texas plant to be completed next fiscal year, not this fiscal year as previously planned. The drop in prices also led Hitachi to lower its semiconductor production target for this year to 780 million yen from 880 billion yen and to reduce its investment in the sector by 10 billion yen to 140 billion yen this year, NEN said. (NEN)(6501 JP CN) Dollar Cash-Selling Rate Tops W1,000 for First Time Despite intervention by the central bank, the Korean won came under renewed pressure with the banks' cash-selling rate of the dollar tumbling to close at a record 999.00 won yesterday. The won started the day's trading at 985.00 won, down 5.10 won from last week's close of 979.90 won. It then plunged to a record intraday low of 999.00 won, mainly because of the strong demand for U.S. dollars among domestic exporters to settle their imports and foreign investors' lack of confidence in the Korean financial markets. (Korea Herald) dave