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To: MichaelW who wrote (47687)6/15/1998 4:50:00 PM
From: Ken Bobey  Respond to of 176387
 
In October Asia was a blip on the radar screen. Now it's more like a full blown crisis. Lower demand = lower prices = lower EPS.

I read last week that Rubin has a deal with China not to devalue. I also see the Yen trading between 150-180 so it will be interesting to see how long that "deal" holds.

Bottom line: Asia isn't getting better for 12-18 months. Techs will feel the pain.