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To: John Dunigan who wrote (8181)	12/7/1997 12:49:00 AM
From: Duane L. Olson	Respond to of 25814

John, it's hard to see exactly how it's going to play. The bad side, as you point out is the lost sales.. The good side consists of lower cost of components, as the local currencies get devalued -- but also the reduction in new construction (especially of Fabs), as the banks have to conform to "prudent" investment rules (IMF imposed). The extent of the damage? -- I recall reading that the affected SEA countries accounted for 7 % of sales, and that the reduction could be as much as 40% of that -- a drop in total sales of 2.8%. That is significantly less than the growth rate for most of the affected companies. Tradeoff -- some lost sales, much higher profit margins... sounds like a buy to me ! All IMHO, of course. Only got to play twice, John.. But this area has about the best year-around golf climate in the U.S. according to a local blurb. Check out the site at wintertexans.com. Regards and cheerful investing! dlo