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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (1108)	1/12/1998 11:03:00 PM
From: j rector	Read Replies (1) \| Respond to of 2542

I am trying to get a handle on any logical reasons why companies based in Asia (in particular China) and selling into North American and European markets would 'catch' the Asian flu. As I understand the 'flu' it is principally a high debt load endured by banks/governments/buisnesses, etc that has caused severe currency devaluations, making it much more expensive for debt repayment and causing severe austerity. The companies that are most hurt by the flu are: 1) highly leveraged Asian companies/institutions 2) US companies that derive alot of their income from Asian sales. the companies that are actually helped by the flu are: 1) Asian companies selling to US companies (lower costs) 2) Asian companies w/alot of cash (acquisitions on the cheap). I think alot of the Asian ECM's--FLEXF/DSWLF/NTAIF are in the second category. Too bad Wall Street doesnt examine this 'fine point'.