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To: Dwight E. Karlsen who wrote (13786)1/17/1998 4:11:00 AM
From: ed  Respond to of 97611
 
High debt to capitol ratio is not a problem if you are in a high growing business. Just look at
those semiconductor companies in Taiwan , in good times, they make the profit of the whole investment of one whole fab, we are talking billions, in one year. BA just lost one 600 million order from Philipine, the stock drop from $54 to $43, what if it lost tens of orders from
Hong Kong, Indonisia, Korea, China , Thailand, Japan ...etc. Do you still think BA can survive without big layoff ? Think that what if Samsung cancel billions of equipment orders
from AMAT, NVLS, LRCX ... etc, and Taiwan do the same things, do you still think those
semiconductor equipment manufacturers canl survive without big layoff ? Just look at Seagate news today, the layoff already started. So , in the past couple years Korea borrowed
foreign money to develop its industry, who do you think benefit the most ? Those semiconductor equipment manufacturers in US, companies like LRCX, AMAT, NVLS, BA....etc. Now IMF wants to cut their blood stream, besides Korea people, who do you think will be hurt the most ??? I think you are smart enough. So, that is a mutual destructive conduct by IMF, just put fuel on fire.



To: Dwight E. Karlsen who wrote (13786)1/17/1998 9:01:00 AM
From: Mohan Marette  Read Replies (2) | Respond to of 97611
 
Yeah,it is shortage of dollar alright,it's called living beyond once means.

DK, I do have to agree with you here. Simply put,contrived industrial expansion based on borrowed money,it works when business is booming but in the absence of less demand for one's product,slow growth or no growth this is a formula for disaster as proved by the current fiasco. Yeah, it's shortage of dollar alright.