Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Clinton's Scandals: Is this corruption the worst ever? -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (1232)	8/16/1998 1:52:00 AM
From: Michael Sphar	Respond to of 13994

Yes, agreed, but it goes far beyond the Japanese, consider these Korean world class DRAM fabbers. Talk about economic basket cases yet they are still doing business plugging right along: << Massive levels of debt continued to plague the Korean chip companies. Hyundai reported its debt at June 30, totaled $8.4 billion, which is equal to 930% of its equity. Hyundai said the lower value of the won resulted in its foreign-currency debts doubling in value in the six month period. Meanwhile, LG Semicon said its foreign currency debt was $3 billion at the end of June, and its total debt level equaled more than 500% of its equity. >> Taken from Semiconductor Business News, 8/13/98.