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To: MR. PANAMA (I am a PLAYER) who wrote (25977)	12/21/1997 2:10:00 AM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) \| Respond to of 53903

Coca Cola has taken over Korea's largest bottling company from Doosan industries fer 400 plus million....The strength of many American companies will allow them to take advantage of the short term chaos and in doing so bring back stability and secure the long term growth prospects for themselves....This material is not flashing on the CNN and CNBC stations so GRIM has brought that tidbit to everyone....One of GRIMS'S HEROES has made over 100 million over a reasonable period of time by buying into depressed countries companies and land while others just cried....how did he do that...he went there and searched for bargains......GRIM HAS SPOKEN ...many who do not have a man in Korea may listen....ho ho ho OH BTW....32 is too low..... OH BTW CNN does have a Man in Korea doing some reporting..John Defterios....but I feel that very wealthy and successful men have better access to info....

To: MR. PANAMA (I am a PLAYER) who wrote (25977)	12/21/1997 8:20:00 PM
From: Earlie	Read Replies (4) \| Respond to of 53903

Grim: Delighted to have you back providing the MU bulls with a much needed confidence boost. It is not often that you and I agree, me being an evil bear and all, but there are points in your post where we have common ground. (g) A battle of funds is shaping up....add Fido to the bench strength of the longs, given their 12 % (per the last report that I could access) holding of MU. I also think that waiting a bit makes sense, as there will still be some worried campers in the short fraternity who will not wish to stay the course. From that point on, we're at odds. Given its delightful (from a bear's perspective) H and S chart, and its truly outstanding (again from a short's point of view) earnings record, I'd be surprised if the stock managed more than $28.00 or $29.00. Not that I haven't been wrong before with respect to the climbing power of this "air plant', but it won't be easy beyond $30.00 Personally, I'll be in the "giving mode", in line with the season, and will "give them some" at each dollar interval. Most investors have totally missed the most important point that has become evident in this Christmas selling season, and that is the fact that the need for ever increased memory in one's computer is at an end for the foreseeable future. The inexpensive computers go out the door with less, not more memory, and I see no new software coming along to push the envelope. When one factors in all the new capacity that has just or is just coming on stream, it will require a very significant reduction in capacity indeed, to make a difference in the current pricing environment. Asia will not be buying PC's this year, and most box builders were counting on Asia for growth. It just isn't in the cards for the next 12 to 24months, given a predisposition to worry about a full rice bowl before contemplating a PC purchase. MU is also running out of time as the 16/64 Mbit crossover draws nigh. Mu must spend big dollars near term, or become an also ran. I can't see anybody buying more of their debt, and they simply couldn't sell equity unless the discount was enormous. One of these days, someone on this thread will post some credible evidence in support of MU's frequently repeated reference to itself as the low cost producer. I don't buy this baloney, and the company is loathe to provide production cost info. The company has and does make excellent strides in improving its efficiency, but it is the constant employment of the latest technology that keeps a company at the cost forefront, and Mu simply hasn't been able to do this. Lehi hurt the company badly. Ok, who do we bet on....Soros and Fido, or Julian? I'm inclined to side with the latter, as he's got the fundamentals and time on his side. Also, I suspect that both long funds will not wish to haul this load of soggy weight into a difficult future, (and 1998 will be very difficult for markets), therefore they will likely attempt to lighten up by selling into the short squeeze rallies, before their erstwhile "partner" does. I love the power of gravity. Maybe we can arrange it so that I provide the short selling to match your long purchases (g) Best, Earlie