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To: bananawind who wrote (9222)	3/13/1998 2:13:00 PM
From: Ramsey Su	Respond to of 152472

Jim, the problem with the first tier banks had been resolved so I think this is old news. The upcoming problem is the loan portfolio that these banks hold to Korea Inc. How many businesses are going bk this year? So the banks may be solvent right now by restructuring their debt, are they or can they do same to their debtors? In the mean time, Japan is dickering with fancy accounting, hoping to present as rosy a picture as possible for FY end reporting. Of all the Asian countries, Japan appears to be the least willing to deal with their banking problem. Unfortunately, they are the biggest economy in that neck of the woods. All the money coming into the market is scary. Is this what they call smart money, or are they going to be the ones without a chair when the music stops? Ramsey

To: bananawind who wrote (9222)	3/13/1998 9:50:00 PM
From: JMD	Read Replies (1) \| Respond to of 152472

jim, I was just doing a full "Maurice" rant on the AMAT board and popped over to catch your post which I suggest is more than a small ray of light. Of course Ramsey is in his usual pour cold water if not sulphuric acid on the Asian optimism slant, but Mr. Su aka, "one note johnny" is to be forgiven in view of Q etiquette rule 147(b) to wit: no slamming on Friday nights. Here's why it may be cool to stop knocking the Korean surfer dudes--cause they have a clue, unlike our Japanese friends who think that the government using surplus funds to invest in the frigging stock market to prop it up for a few more weeks is like, you know, a sensible idea. Sayonara says I. The Koreans are drinking deeply at the old reality bar. Life means you have to pay your bills and if you've got deep pockets and short arms, well you have to DO something about it for heaven's sake. Our Korean friends have been atomized--and of course the Q went down with the ship. (Quicken tells me that as of today, notwithstanding 4 trillion b.s. posts, I have a net gain in the Q of, check this, $45.76!). Did the same thing with LOR, i.e., bought it when the whole idea was the rockets would implode on the launch pad. Well, screw them: that was not a material risk to the business model and maybe Korea isn't either. As for Japan, I'd probably have to buy Ramsey a Ripple-pak: if there's a weak man in Asia, those boys are the hurting pups (with of course all due apologies to the pooch). So, jim, if this ramble is partially coherent and Korea is starting to do its thing, once the Street figures it out, I think maybe we'll get some air in our tires. Mike Doyle