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 : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (9963)	2/21/1998 6:28:00 PM
From: getgo234	Read Replies (3) \| Respond to of 25814

Shane and others: Hyundai and other Korean conglomerates have huge foreign debt bank loans to either repay or rollover in 1998. Now you as Hyundai's CFO tell your bankers that you do not have the funds to repay the loans as scheduled because cash is not available. Your bankers ask what did you do with the proceeds from the sale of Symbios Logic. Your response is that you invested the funds in a new plant in Oregon. How do you think your bankers will respond to that ? Next, if I am the CEO of MU I am going to be screeming to Congress that US taxpayers will be providing funds to Hyundai to repay bank debt (via IMF) while Hyundai is investing its available cash in new plants. I think Hyundai is giving MU's CEO ammunition to argue the case why Congress should not fund the IMF. Your comments please.