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Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?

To: William T. Katz who wrote (6664)	12/13/1997 4:18:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 9124

I think that is probably correct. However since they can't instantly get their product into new distribution channels and qualified at new OEMs, I would think that the banks and company management should take the opportunity to increase profits rather than try to pump up volume. The net short-term effect is probably negative for QNTM. SEG and WDC even though they have significant production cost advanatages due to the devaluations themselves. If the IMF made the S. Korean government, central bank, and companies entirely live up to western standards, they would all have to declare bankruptcy and close down the borders. I hope the longer-term result ends up being much higher interest rates and tighter credit for Samsung, etc. that will force to pay a significant percentage of their profits to service their huge debts. That would be what would happen to any company in the US or Europe that amassed such rediculous levels of debt. It's time the US stopped coddling the S. Koreans to the point of damaging our own electronics industry.