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To: Skeeter Bug who wrote (2324)	12/4/1997 11:24:00 AM
From: TREND1	Respond to of 6180

Skeeter (1) First sit down ! (2) I have a 1989-1997 daily graph of MU that shows a massive triangle. (3) In "classical" TA.....meaning a book by Edwards and Magee dated 1948 (4) If MU were to break it's recent low of 22 1/16, according to "classical" TA book dated 1948 the low in MU would be .....are you ready for this ?????? Larry Dudash PS: It is a number even lower then the one and only Mike Burke

To: Skeeter Bug who wrote (2324)	12/4/1997 2:48:00 PM
From: Bilow	Respond to of 6180

Hi Skeet. Actually, I said that the Koreans cut 40% off their variable costs. As opposed to fixed costs. Their fixed costs (for new facilities) just went through the roof. But bankrupt companies decide whether or not to close lines based on the variable costs, cause they can't do anything about their already spent fixed costs. The variable costs are mostly labor, and those went down with their currency and economy. Even if a company goes completely belly-up, it is possible for a fab line to keep running if the variable costs are low enough to make chips at a profit. The new owners end up owning the positive cash-flow fab at lower fixed costs. -- Carl