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

To: Fortinwit who wrote (6023)	6/25/1998 12:03:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 10921

F, AMAT's Morgan was on CNBC this morning. One can go either way, glass half empty or glass half full, on what he had to say. He did say that visibility is no better now than before. Bill Siedman, ex-head of FDIC was also on CNBC. This is almost insider information because he said Japan is now talking to him almost on an hourly basis. Any significant, however, cannot happen until after the elections in July and the necessary legislations. Again, one can be optimistic and view this as the turnaround. However, the contrary view is equally valid, considering the losses involved. First, if a bad bank is closed, shareholders are dead. Second, if a bad bank starts dumping assets, it will drive that sector down. Third, it is going to start draining whatever funds the Japanese government has available. When asked about further support of the yen, Bill Siedman felt it is going to be impossible. He claims that the Japanese people are putting lots of funds into the recently US markets opened to them, making a 3-4% extra interests in the process. He thinks there isn't enough money to support the yen. I am trying to digest this information now. Anyone else saw the interviews and care to comment? Ramsey