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

To: Ramsey Su who wrote (6069)	6/28/1998 9:23:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 10921

Ramsey, " Let us assume the entire portfolio of bad debts are uncollectables, this is simply a VERY SMALL problem for two of the biggest banks in Japan.", you must compare these figure to their net tangibles, not total assets, the assets are loans outstanding, if let say, NTCB has only 5% net tangible (% of total assets), it is actually wiped out, and certainly far from meeting the domestic minimum of 4% net tangibles and 8% for being an International bank. Since most of the Japanese banks were struggling to get to the 8% net tangible assets to qualify for large international transaction, you can assume that at least one of the two (Possibly) LTCB) was far from 8% and thus in "direr" condition. Zeev