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To: Rob Preuss who wrote (409)	1/20/1998 3:33:00 PM
From: Rob Preuss	Respond to of 1250

Soothing the symptoms of the Asian Flu... Here are some words released today by the Hong Kong ECM, Nam Tai Electronics (ntaif): Asian Currency Devaluations The Company reiterates its confidence that the ''Asian Flu'' will not affect its business. While the Governments of Hong Kong and China have indicated they will support their currencies, there continues to be increasing pressure for a devaluation as they are in the middle of a region that has gone through extraordinary market volatility. Possible devaluations of the currencies of Hong Kong and China would benefit the Company by reducing expenses when translated into U.S. dollars. Nam Tai's two major competitors have already transferred their principle manufacturing operations to China. As such, currency devaluations in other Asian countries do not impact the Company's position relative to its competitors which are located in the same country. Currency devaluations in China would result in lower production costs for both Nam Tai and its competitors resulting in neither a competitive advantage nor a disadvantage for the Company. ''While the Company is confident that the 'Asian Flu' will not affect its business, a worldwide economic slowdown could have some impact,'' commented Mr. M. K. Koo, Chairman.