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Technology Stocks : CYRIX / NSM -- Ignore unavailable to you. Want to Upgrade?

To: Kyle who wrote (22168)	12/19/1997 11:58:00 AM
From: FJB	Read Replies (1) \| Respond to of 33344

Kyle, Asian macroeconomic problems have done us in for the short-term. Those countries won't be spending enough on technology this year, so we have a technology stock meltdown in the US. Now we have to figure out how long spending will be depressed in SEA and Japan. They need to create serious incentives for people and corporations to spend, but this goes against their long-term economic policies. Asia can not count on exporting all their cheap goods to the US and Europe forever. Any opinions on how this will play out? Bob

To: Kyle who wrote (22168)	12/19/1997 12:02:00 PM
From: Pravin Kamdar	Read Replies (1) \| Respond to of 33344

Kyle, Since the market has been down the last couple of months, I think there is a lot of tax loss selling. There should be a real January effect next year. Of course asia isn't helping matters. The students and unions are celebrating in Korea due to yesterday's election of long time opposition candidate Kim Dae Jung. It will be interesting to see if he trades his rhetoric for responsibility and does not throw out the IMF bail out agreement. The big worry is Japan. Personally, I think we should shut down the WTO and let the chips fall where they may. They are just protecting the exporting interests of the big multi-national corporations, while at the same time forcing asian countries to let the super rich western investers to own more of the futures of anian country's assets. It is a money grap at the tax payer's expense. But, what's new. I'm surprised the media can't see this. Pravin. Pravin.