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To: DiViT who wrote (28049)	1/14/1998 9:47:00 AM
From: Brad Rogers	Read Replies (2) \| Respond to of 50808

Zacks corrects Rob Steph number; China strength helps Intel/AMD. Zacks in its alert this morning has corrected the Rob Steph number for quarter ending 12/97 to .24 resulting in 1997 full year estimate of 1.10. Rob Steph apparently had its revenue estimates at $90M or more for the quarter and apparently was told in November this was a bit aggressive. So the revenue estimates have now been reduced apparently to $86-88 and the model being used results in .24. May simply be a case of not wanting to stick one's neck out; one is rarely punished for being somewhat low on the estimates. Zacks also corrected Rob Steph 1998 number to 1.24 Note that in their releases, both Intel (which came in at .98 when .90 was expected) and AMD (which posted a significantly lower loss than expected) cited strength in China. Intel's Otelleni (exec vp and director of sales amd marketing) stated: "We have had a really good quarter in India and China....Asia Pacific is thankfully a very broad region." Note that Intel ran up nearly 25% into the earnings release so an initial tick back would not be surprising. Per First Call Estimate Monitor of January 10, 1998, here's the analyst lineup: Q4 Fahnestock/D.Scovel .26 Unterberg/Singh .27 Warburg-Dillon Read/? .27 BT Alex Brown .27 BA-RobSteph/Moosa .29 (now .24) Wedbush/Reynolds .29 Lehman/Lee .26 And on December 15, l997, Olde increased estimate for quarter ending 12/97 from .22 to .31. I think Justin at Olde may be closer than the others for several reasons, the principal reason being his grasp of the significance of the contribution of the Divicom unit. The contribution of the Divicom unit is likely the wild card to he upside for Q4 and subsequent quarters. Ron.

To: DiViT who wrote (28049)	1/14/1998 10:00:00 AM
From: BillyG	Respond to of 50808

Korean government to "assist" in developing multimedia goods for export............. koreaherald.co.kr 01-15-98 Government to Beef Up Exports of High Value-Added Multimedia Goods The government plans to assist the development of high value-added electronics goods this year in order to promote them as major export items, officials said yesterday. Ministry officials said it will provide extensive support to the multimedia home appliance sector _ including high-definition TVs, intelligent PCTVs and digital video disc recorder (VDR) _ as key export goods. In the information and telecommunications sector, the ministry plans to help the domestic industry develop personal digital assistant (PDA) and interactive CATV, they said. Other projects include the development of Enterprise Servers I and II in computer sector and liquid crystal display (LCD) in core parts and components area, they added. The exports of electronics goods increased 1.2 percent to $41.4 billion last year over a year ago. By sector, overseas shipments of information and telecommunications items showed a 18-percent increase over the previous year. The exports of home appliance goods, such as audiovisual equipments, however, dropped 15.6 percent due to a decline in overseas production and a weakening of price competitiveness, the officials said. Exports of home appliance goods, including audiovisual equipments, are expected to increase this year due to rising price competitiveness resulting from the won's plunge against the greenback. Exports of semiconductors, the country's major target item, decreased 1.6 percent last year due to oversupply in international market and a resulting drop in prices. The electronics goods industry takes up almost 33 percent of the country's total exports on average.