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To: Hayduke who wrote (2669)12/30/1997 10:10:00 PM
From: pat mudge  Read Replies (1) | Respond to of 6180
 
[DRAMS]

RAS --

I missed my call from TI's IR dept. and will try to connect tomorrow. I'll probably get a "no comment" but will try, just the same. If you've followed TE's speeches over the last 6 to 9 months, you'd have to believe getting out of DRAMs is a distinct possibility.

Earlier I asked if anyone had followed the action of European banks regarding Korea. Here's a couple URLs, including one for the IMF action.

yahoo.com

<<<Tuesday December 30 6:20 PM EST

IMF Speeds Up S.Korea Payments With $2 Bln

By Janet Guttsman

WASHINGTON (Reuters) - The International Monetary Fund accelerated its schedule of payments to troubled South Korea Tuesday, handing over an additional $2 billion to help ease a painful credit crunch. . . .<<<

yahoo.com

<<<Tuesday December 30 6:20 PM EST

Europe's Top Banks Throw S.Korea Lifeline

By Andrew Gill

AMSTERDAM (Reuters) - Europe's top banks threw South Korea a lifeline Tuesday by rolling over a mountain of its short term debt, and other international banks were expected to quickly join the rescue effort.

Leading French and Swiss banks said they would join their Dutch counterparts, who announced earlier they would roll over South Korean debt due Wednesday. Major lenders in the United States and Japan were expected to follow suit within the next 24 hours. . . .>>>

yahoo.com

<<<Tuesday December 30 6:21 PM EST

U.S. Consumer Confidence Hits 28-Year High

By Scott Gerlach

NEW YORK (Reuters) - A vibrant economy and plentiful jobs boosted Americans' confidence in their financial situation to a 28-year high in December despite the volatile stock market, a report showed Tuesday.

The Conference Board, a private business research group, said its index of consumer confidence jumped to 134.5 this month from a revised 128.1 in November, marking the highest reading since June 1969, when the index stood at 137.9. <<<<