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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: shane forbes who wrote (5365)5/11/1998 2:04:00 AM
From: Gottfried  Read Replies (1) | Respond to of 10921
 
Shane, DRAM news...
[source Bloomberg May 11.1998]
To understand how the Asian contagion can spread, look no further than Taiwan
Semiconductor Manufacturing Co., Nan Ya Plastics Corp. or Yieh Phui Enterprise
Co. All three Taiwanese companies - the first makes computer memory chips, the
second petrochemicals and the third steel - said sales fell in April for the same
reason: Slowing growth and weakening currencies across Asia. And all said
business may not pick up soon. Taiwan, once seemingly immune to the economic
troubles of its neighbors, is slowly but surely starting to share their pain. Exports
are falling and growth is slowing. Corporate profits are bound to suffer, too, many
executives said. Stock-market investors should take heed.


bloomberg.com
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