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 : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Valueman who wrote (6987)	1/10/1998 5:13:00 PM
From: Brian Lempel	Read Replies (1) \| Respond to of 152472

Valueman RE: Globalstar, Launch is a go, but will the unpredicatble Florida weather cooperate? Another Lehman report frm Friday said the launch window was only a few seconds long to optimizxe the satalites' positioning. Also, does anyone have any idea on who is likely to win the distribution contracts for Globalstar (CELL/CLST?) Brian

To: Valueman who wrote (6987)	1/10/1998 5:14:00 PM
From: kech	Respond to of 152472

More on resolution of asian crisis: Sachs slams IMF for Asian crisis, sees ray of hope Reuters, Saturday, January 10, 1998 at 04:36 By Narayanan Madhavan MADRAS, India, Jan 10 (Reuters) - Harvard economist Jeffrey Sachs on Saturday blamed the International Monetary Fund (IMF) for aggravating Asia's financial crisis, but said regional economies should begin to recover before long. Sachs, director of the Harvard Institute of International Development, told a business conference in this southern Indian city that the crisis in East Asian economies had resulted from a "panic withdrawal" of funds from their markets. "My sense is that the IMF added to the panic," he said. He said the Fund had erred by using the same rescue technique employed in the past instead of specific remedies tailored to the differing needs of Asian economies. "The IMF took its normal remedy off the shelf and started to apply it," he said. He criticised the Fund's demands for bank closures in Indonesia, Thailand and South Korea as part of its recent bail-out packages. The move sent wrong signals to the market, Sachs said. Asia's fast-growing "tiger" economies went into reverse gear last year after a sudden withdrawal of investment funds linked to high short-term debt burdens. "It is a short-term crisis which if properly managed can lead to quick recovery," Sachs said. He said the East Asian countries had open economies, government surpluses, high savings rates and low inflation, but that international investors had suddenly chosen to focus on short-term debt as the key issue. Private foreign investors had followed their peers in jumping off the Asian markets without fundamental justification, he said. "It was an unjustified race for the exit." But recent initiatives by South Korean banks to roll over their debts and efforts to recapitalise banks are expected to help East Asian economies tide over the crisis, Sachs said. "We are beginning to see the glimmer of a more sensible approach to the crisis," he said. "I see a reasonable chance in the next two weeks as the crisis is assessed."

To: Valueman who wrote (6987)	1/10/1998 5:34:00 PM
From: Maurice Winn	Respond to of 152472

*more off topic sort of* Valueman, the value is in human intellect, energy, creativity, freedom, love, happiness, fun and survival. New Zealand, sad to say, has got some good attributes - we have a happy, pleasant little place, clean, climatically moderate and don't have David Koresh with a tank busting automatic and Janet Reno with tanks to attack them and bodies spread from Waco to the Alfred Murray building - but we do have a strong "the world owes me a living" bent. More specifically, "the taxpayer owes me a living". Also a Tall Poppy syndrome where everyone is expected to genuflect to "aw shucks, I'm just one of the boys". If they don't, they get cut down to size. There is also little state protection against fraud, burglary [corporate raids on shareholders or disaffected youngsters burgling houses] so the sharemarket is a casino, with little innovation - you won't find CDMA here. You will find insider dealing, self-awarded options, selling of company assets to director's companies and the like. So the P:Es are low. Yes, there will be bargains in NZ, but it is hard to tell which they are. The USA west coast seems to be the centre of the world for output of creativity, intellectual property and all that jazz. I say look in your own back yard. But we have a very deregulated economy so you can have a hunt round here. I have no suggestions on stocks here. And follow none. Just casual interest. I love Globalstar and human dreams. I fall in love with stocks. I use emotion in investing. I don't have a portfolio. But I try to keep my thinking in charge. I do okay! Mqurice PS: I'd love to see Bill Gates call a press conference, announce his resignation from Microsoft, that he intends to sell all his shares in it and retire to the Bahamas to pursue other interests. Declare Janet Reno and the USA People the winner. "After all, he is just one person". "Who cares?" Hey, why not gaol him? He's hated enough. [Jail for youse guys.] Tom, re a sympathy share sale to Ramsey. Nah! Let him suffer. He is the John The Baptist of free market rulz ok. Hard-hearted position taker and viewer from the Rose-Colored-Wallet. A survivalist analyst. It would only confuse his thinking and he would decline such a socialist intervention. No blandishments from The Collective for Ramsey..