Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: John Chalker who wrote (11720)	12/19/1997 8:51:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 25960

Chalks, my worry is not the sales (which I would presume could be 50% or more in export), my worry is the assets side of the balance sheet, mostly denominated in Wons, while the liability side is mostly denominate (or I should say linked to) the dollar. Because Samsung was highly leveraged to start with, the devaluation will cause the leverage to be even greater. Furthermore, while Samsung is an export engine, a lot of the export is to neighboring weak economies, while Mexico exported its way out to strong economies. The fact that Japan announced an anemic tax reduction indicates to me that Japan is unwilling tyo act as a sink for export from its neighbors in the rim. Zeev