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

To: Jacob Snyder who wrote (12448)	11/30/1997 10:22:00 PM
From: Kumar Nathan	Respond to of 70976

Jacob: Your points are facts. As for as I know, AMAT invested heavily in Korea. They finished a several hundred million dollar apps lab there to sell at Korean Market. We have to assume certain facts. Fab industry is always forward looking. They would have already determined their capital requirments for more than six months to a year and would have hedged their currency with forward contracts. Therefore IMO fabs are sitting pretty. Only banks are the one which gets screwed. This is my personal opinion. Therefore my recommendation is very strong buy on AMAT. I know few analysts are very cautious on AMAT citing SEA situations. I beg to differ from them on this . Regards Kumar

To: Jacob Snyder who wrote (12448)	11/30/1997 10:27:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Jacob, I'm not sure about the sequence of events in your post #12432 because I didn't pay enough attention when the news was new. From what I read, the IMF and S.Korea haven't hammered out all the conditions of the deal yet. The second story (below) even suggests an agreement could be months away. I don't think these nations can afford to take that long. I don't see the semi equipment stocks making headway with this uncertainty hanging overhead. GM yahoo.com Excerpt: KBS radio said the IMF had asked Korea to liquidate three or four troubled banks as well as 12 highly leveraged merchant banks as soon as possible. But South Korea said it wanted to try restructuring them first and to liquidate them only as a last resort, the report said. yahoo.com Excerpt: The proposed Asian bail-out fund has been resisted by Western nations led by the U.S., which have insisted that the IMF play the central role in the rescue operations and any funds be used in accordance with stringent IMF conditions.

To: Jacob Snyder who wrote (12448)	11/30/1997 10:44:00 PM
From: Paul V.	Read Replies (1) \| Respond to of 70976

Jacob, We do not have enough data. What are the culture implication for the specific rim and specific countries if they are not able to come up with the required support revenues and the implication if they can. IMHO, the old slogans, "Those who have the gold make the rules," and "each of us will ultimately look out for our own self-interest" will prevail. Do we have anyone on this thread who understands the pacific rim culture, what committment the power structure of these countries will exercise to move into the information/technological/genetic age and the required manidates that the lenders will place on those who want to move ahead into the information age? It dawned on me that some countries of the world my try to hold other countries back. Turfdom has erupted in the past. If so, IMO, the restraining countries have a very limited focus with the explosion of technology. However, Zweig, and others have said, follow the FED and interest rates in the US. It could be as easily be said, follow the money flow (IMO), etc. on a global scale. "Power corrupt and absolute power corrupts absolutely." Everyone will protect their own turf. One constant we do have is "change." Moore's law is still in effect with computer power doubling every 18 months. It would be interesting to know what the $$$$$$$ money power figures are strategizing in this money crisis. Just my thoughts for comments and my search for additional information. The linear thought process might not do the job for us unless we have some understand of the culture, psychological, power relationships and committments. Paul V.