Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mark Taylor who wrote (28391)	2/15/1998 3:55:00 PM
From: Richard Russell	Read Replies (3) \| Respond to of 53903

>>local media reported on Sunday from Washington.<< Who is "local media"? This is not a reuters story but a "local media" story being reported by reuters.<< Another opinion from YAHOO First the recent story is an unconfirmed report from TAIPE The Taiwan market has been up and what better way to squash the market then to release a bogus news announcement. The strategically placed news was more then likely drummed up by a brokerage firm who is posed to lose millions this week. The strategically placed news from TAIPE was written to try to offset the very damaging U.S. Press Barron's article written on Saturday about MU. Desperate brokerages and banks that at this point risk losing a lot of money if MU post's those -.30 earnings will try anything. By Tuesday, these reports will be confirmed or denied. Now let me tell you the facts. The U.S. Department of Commerce can recommend anything they wish! It would be like me telling you I recommend Clinton resigns and I am Republican. It does not mean Clinton will go! The bogus news is bogus because everyone in Washington knows the Department of Commerce has no jurisdiction in this matter! Only the U.S. International Trade Commission can make this happen. Again the bogus story remains bogus because their have already been preliminary hearings on the matter and the outcome looks to be just the opposite of what was falsely made up today! No decision will be made on invoking any tariffs while the MOF and IMF issues are on the table and the Asia regain continues to fall. Any final decision will be postponed to late 1998 and do not count on any decision that will invoke such tariffs. Because for as many companies like MU that want tariffs there are hundreds more that want free trade because they are able to buy cheap computer components. Also, if any tariffs are applied you can be rest assured that Taiwan will find another way to "skin the cat". They will ship thru Japan or China or for that matter Hong Kong under a different label, everyone knows this. There are more loop holes around these bull shit tariffs then the U.S. tax code. Also, lets not forget Taiwan only become MU's problem after South Korea slowed. Now South Korea is back in full production and will be able to easily replace any market share Taiwan might lose. ú Under section 337 of the Tariff Act of 1930: MU will get nothing the U.S. Government makes all the money as Tax Revenue. ú Also just like with any other Final legal decision the entire legal process at the end of March can and will be appealed. Maybe sometime in the year 2000 or later a tariff will be applied. I am in the legal business and now the Tariff Act of 1930 very well. This is a web site I use often! sice.oas.org