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To: FJB who wrote (12978)	1/22/1998 3:51:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 25960

> ASMLF's see a 50% shortfall At the presentation of its 1997 results Thursday, ASML chief Executive and President Willem Maris said the number of Korean orders could be halved and production altered if its clients fail to come up with cash. Maris mentioned specifically South Korea's liquidity problems and said ASMLF is in talks with the Dutch finance ministry about the situation there. ASML said 51% of its order backlog consists of orders from Taiwan and K.Korea. Of that total, 20% is in Korea, which Maris described as clearly problematic. The situation in Taiwan is unclear but less serious, Maris said. Speaking about Asia as a whole, Maris said, "there is not really an alternative market.. that is not really an option". He declined to give an exact forecast as to what impact the whole crisis will have on its 1998 earnings, but said he still expects to increase market share from 25% in 1997 but a few percent in the near future. He said the sales will be still high without Korea. ASML lost an order for 13 of its steppers from Korea's Hyundai late last year. The order was not cancelled but bumped back a year, according to Maris. ASML CFO Gerard Verdonschot said the group has about NLG100-150 million in outstanding debt in South Korea. [Bridge News] -- Narotham

To: FJB who wrote (12978)	1/22/1998 3:54:00 PM
From: Paul Dieterich	Respond to of 25960

Bob (Off Topic), RE: How are you able to copy a .pdf file over to SI? Using the Adobe Acrobat Reader (available free at: adobe.com once you open the document, push the "abc" button at the top of the viewer. This will allow you to highlite text with your mouse, and then use the usual "ctrl c" and "ctrl v" functions to cut and paste from the reader to SI. Hope that helps. PD

To: FJB who wrote (12978)	1/22/1998 4:31:00 PM
From: Mason Barge	Respond to of 25960

Bob - If I can remember back as far as this morning, the 50% figure came from ASMLF. I didn't listen to the conference call, so it would have been in a mgt discussion on a news service. They said in discussing future earnings that they anticipated stepper sales falling 50% in Korea this year, which I suppose they might have taken from general estimates of a 50% decline in Korean semi equipment purchases.