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To: Andrew Vance who wrote (14398)	6/12/1998 8:00:00 PM
From: Robert F. Newton	Read Replies (1) \| Respond to of 17305

Al Jardy returns......................... exchange2000.com

To: Andrew Vance who wrote (14398)	6/14/1998 7:46:00 PM
From: nigel bates	Respond to of 17305

Andrew, re bad debts, picked this up on the SMTC thread. Not directly relevant to the semi-equip.s, but concerning nonetheless - >>In another disquieting observation, Salomon Smith Barney notes recently that PC makers are increasingly offering financing to Asian customers who might otherwise have slowed their purchases. Compaq, Salomon notes, is offering as much as 100% financing and 60-month payment terms in Hong Kong;Hewlett-Packard will lend Asian customers and distributors $1 billion this year. All this comes at a time when financial institutions are reducing their exposure to Asia companies, Salomon points out...<< Nig