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Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?

To: Ted Downs who wrote (3765)	12/28/1997 5:28:00 PM
From: Robert Utne	Read Replies (1) \| Respond to of 6570

Ted, Nothing from the horse's mouth. What is of real interest is that LGE is only trading at a market valuation of 722 million USD. On October 1, it was $1,670 million. With such a rapid market devaluation of LGE (and all the other Korean corporations) the cash-laden powers are circling all over Seoul. The rumor, however, could have been related to LG Semicondunctor, a separate corporation within the LG choebel. Some of the most serious problems within the Korean choebels are their cross-loan guarantees. Thus, it's difficult to know the actual liabilities of any corporation without knowledge of its cross-loan guarantees. For example, LGE may have a relatively clean balance sheet but it could also be the co-signee to billions of dollars of other loans to LG Semicon and other companies within the LG choebel. If not Intel, certainly other international corporate powers are looking at LGE and other strong Korean corporations at these fire-sale prices. Only now, 100% friendly-foreign take overs are becoming permissable in Korea. 50% foreign ownership of any publicly traded Korean corporation is presently available, regardless if friendly or not.