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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (43199)	12/26/1997 3:24:00 AM
From: Greg Luke	Respond to of 186894

It was in the IMF's best interest to strengthen the dollar...that way the dollar goes farther when loaned to Asian countries. I have been to Japan, Hong Kong and Singapore. They are power-house countries. Yes, their people and companies are very submissive to the government. That is their way. But if the governments in question tell the people they have to work harder and accept less to pull themselves up in the world, by God they will do it. So, Asia may be down, but not out. The one thing that did stand out when I was in Japan was the LACK of computers. In a bank, they had no visible computers. Everything was by hand on paper. I think the number of computers per company is much smaller in Asia than in the US. In fact, their lack of "computer expertise" may have caused a lot of their current problems. I am always amazed when I go into a very small office in the US. The secretary can do the books, do word processing, keep up marketing data bases, and a host of other computer literate skills. Our junior people, both professional and semi-professional have learned sophisticated computer skills. And our companies benefit greatly from those skills. I think if Asia is going to "re-tool", they simply must rely more upon the computer (a la Intel, not mini's) to get back into the world race. But make no mistake, Asia is not the starving hords that it used to be. It has the worlds highest building and longest suspension bridge. They may be down, but far, far from out. Greg