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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (15953)	12/26/1997 10:43:00 AM
From: j g cordes	Respond to of 50167

Thanks TT, a long time ago I reported on industrial development in Singapore and Hong Kong for a well known and timely magazine... that bit of self puffery aside, your friend has the nuts of this dilemma, which is its evolving and the spreading out of effects will be more pronounced once companies are able to see what's happening after its happened. Iqbal's comments on the poor Forbes article as being shallow are correct, yet one must bear in mind that the damage already done is substantial... KLIC for example is now at 17 3/4 from a high of 58 3/8ths. That's equity devastation in my book... and no amount of glossing can hide these losses. A point which is perhaps not worthy of discussion but needs to be addressed anyway is the traditional emnity between Japan and S.Korea. I am hard pressed to see how there will be a generosity of banking spirit for Japan to help S. Korea any more than the least amount needed to help itself. Jim

To: Tom Trader who wrote (15953)	12/26/1997 10:50:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 50167

Tom, <<it is very debatable that the financial media has an adequate sense of what is happening.>> I couldn't agree more. But, this particular article was not written by an average tom, the journalist. -g- forbes.com Jerry Fleming is director of research at Sutro & Co., a San Francisco-based brokerage house. He follows the semiconductor equipment industry for the firm. Do these analysts know what they are taling about? That is another issue altogether. -g- Anyhow, I do think most of the analysts are really smart. If they don't have investment banking (not just brokerage) ties, you may even want to believe them! -g- Take care. -Mohan