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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (18141)	6/18/1998 2:51:00 PM
From: pat mudge	Respond to of 25960

News from Taiwan: <<< Combining Japanese, US Technologies and Production Bases Outside Taiwan June 18, 1998 (TAIPEI) -- In Taiwan, the world's PC production base, personal computer makers are moving their production centers to China and other areas. Having achieved tremendous growth by receiving production orders from Japan, Europe and the United States, what step will Taiwan's computer industry take after moving their plants out of Taiwan? BizTech interviewed Secretary General Enoch Du of the Taipei Computer Association (TCA), an industry organization joined in by about 3,800 computer and computer-related makers in Taiwan. BizTech: Has the Asian economic crisis exerted influence on Taiwan's computer industry? Du: It wouldn't be fair to deny that altogether. In fact, we had fewer buyers visiting Computex Taipei '98 from Southeast Asia this year, and Taiwan's economy is feeling the pains of sagging market shares and currency depreciation with foreign investors pulling out feeling pessimistic about the Asian economy as a whole. But Taiwan is definitely different from Southeast Asia in that there has been no currency crisis in Taiwan. Taiwan has the world's third-largest foreign currency reserves. Since Taiwan makers can settle transactions in U.S. dollars, buyers can feel assured about making transactions. Taiwan computer industry's production during the first half of 1998 is expected to increase about 20 percent over the same period last year, and we expect to be able to maintain about the same level of growth as in the past few years. BizTech: We see a trend of Taiwan makers shifting their production bases to China and other places. Have you any comments on that? Du: The key words in the Taiwan computer industry now are "global logistics." In other words, the problem confronting the Taiwan makers is how effectively we can combine the industrial assets of various countries and regions rather than insisting on staying in Taiwan. As part of that operation, some of the makers began to build their plants in China. The reason is the relatively low personnel expenses there, and of the 3,800 member companies of TCA, 1,000 to 2,000 of them have already invested in China. But in many cases, they feel perplexed about differences in the legal systems and troubles involved in training employees, and not many companies have been successful in making investments in China. To tell the truth, TCA once tried to build something like a computer town in Shanghai, but it didn't work out because of the environmental differences. For example, communication infrastructure wasn't ready and we realized the need for additional expenses. We finally gave up the idea of building a computer town there, but we as TCA consider that experience as having paid the tuition for investment in China. BizTech: Taiwan's computer industry has developed into what it is today by receiving production consignment orders from makers in Japan, Europe and the United States. But now that Taiwan is moving production offshore, how will the Taiwan makers try to make further developments in the future? Du: Strengthening ties with the Japanese, European and American makers and consolidating the personal computer industry on a global scale will be the important role of the Taiwan makers. At present, PC-related technologies come from Silicon Valley in the United States, and Japan with the production bases in China and Southeast Asia, all scattered about. From now on, Taiwan will serve as lubricant among them. Taiwan makers will provide the basis for combining the industrial assets scattered about in the world, looking at the computer industry not as Taiwan but as earthwide. That would be the realization of "global logistics." >>>>

To: Elroy Jetson who wrote (18141)	6/18/1998 2:55:00 PM
From: Mr. Aloha	Respond to of 25960

Thanks for the info. I'm watching it. (EOM) Aloha

To: Elroy Jetson who wrote (18141)	6/18/1998 9:16:00 PM
From: Bill Cotter	Respond to of 25960

Hi Elroy; Al Frank recomending ADPT wallstreetguru.com

To: Elroy Jetson who wrote (18141)	6/19/1998 12:59:00 AM
From: MtnMan	Respond to of 25960

I wish we could get someone to walk CYMI up four or five points over the next week. OI in options seems to point to 17.5 but I guess it isn't going to happen. What's the deal w/adaptec, possible buyout? -Neal