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

To: Big Bucks who wrote (13042)	12/11/1997 10:05:00 PM
From: Kumar Nathan	Read Replies (4) \| Respond to of 70976

"GM, Korea down about 6%. Japan and Taiwan down about 2%. Could be ugly again tomorrow for the techs. Korea is in real trouble, they have terrific debt load due over the course of the next year, and the opposition party that is vying for control of the government doesn't want the IMF bailout, that could mean default on numerous loans and could start a world recession/depression. Lets' hope that things quickly stabilize over there. I don't see any new fabs there for at least 1-2 years, maybe longer, bad risk for investment." BB: Wait a minute . Korea is one of our trading partneres. But their size & business will never be a factor to trigger world-wide recession/depression. There are a lot of neighboring countries waiting to help them. But Korea is politically screwedup. Therefore their neighbors are playing some waiting game and trying to understand the situation. Regards Kumar