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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: John Wang who wrote (1812)	12/16/1997 12:17:00 AM
From: Kurthend	Respond to of 9256

I like the statement concerning: "Possibly compounding its already high debt burden, the Hyundai Group is expected to provide support to the Halla Group, the country's twelfth-largest conglomerate, in the form of buy-outs or equity participation. S&P also cited a slower-than-expected production ramp of next-generation 64-megabit DRAM chips and the difficult market faced by U.S.-based hard disk drive maker Maxtor as contributing to the credit warning. " Maybe this is a signal of the beginning of the end of the dd industry woes. The Asian market is up tonight (Korea 4%, Japan I believe is up 1% due to the govn deciding to wait until Wednesday to unveil their economic package-this is possibly due to the Japanese govn determination to fix whatever ails them). Also Korea has agreed to float their currency, sell some (I believe financial institutions) businesses or let them go "under" and increased the interest on I believe foreign currency deposits from 6 to approximately 9 %. This should help the won recover in terms of strengh in relationship to the $US. The tech industry has been beat up bad due to the Asian debacle and possibly this is the first step (s) in the right direction. Time to go to bed. Thanks for the message. Kurt

To: John Wang who wrote (1812)	12/16/1997 6:26:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 9256

<Maybe, it is time for Hyundai to dump Maxtor.> Well, what do we mean buy dump? In some form, Maxtor will probably continue. Perhaps Samsung will consolidate Maxtor in trade for something of Hyundai and in that way they will become more profitable. I wonder if a non Korean company would be a possible buyer? It would certainly be a good thing if we did see Maxtor shut down, but do you really expect Maxtor to walk off into the sunset? At least, it looks like there won't be any expansion of operations which is possibly just a slow death for both Samsung and Maxtor. Mark