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Biotech / Medical : Depotech(depo) -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (425)	12/15/1997 12:32:00 PM
From: seminole	Read Replies (1) \| Respond to of 887

John <<<If South Korea tanks next week, i.e. the WON goes to a billion for the dollar, all stocks w/o earnings will get slammed>>> <<<No one will care about earnings prospects.>>> <<< Things will be in chaos until new safe market sectors are defined. High tech and biotech ain't gonna cut it, at least initially. I disagree. A good sector to be in during the asian crisis is Biotech. This sector is not dependent upon the dollar/won ratio because competing products are not going to flood the US market. The crisis has lowered interest rate forcasts which I think is very good for the biotech sector. Althought its not widely realized, this sector benifits dramatically from lower interest rate projections. These companies burn other peoples money and lower rates decrease their cost of product developement. Also, the present value of their future earnings increase dramatically as projected interest rate are decreased. So the world is not going to end, in my opinion, richard