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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (4243)	8/26/1998 12:06:00 AM
From: LK2	Read Replies (1) \| Respond to of 9256

*OFF TOPIC*The Asian contagion is still spreading. AMAT and XON. >>>>>>>>>>>>>> bloomberg.com U.S. Equity Preview Tue, 25 Aug 1998 New York, Aug. 25 (Bloomberg) -- The following is a list of companies whose shares may move in U.S. markets tomorrow. The stock symbol is in parentheses after the company name. Today's closing prices are included. Applied Materials Inc. (AMAT): The world's largest maker of semiconductor-manufacturing equipment said it will cut 2,000 jobs, or 15 percent of its workforce, to reduce costs in the face of slumping sales of its equipment to computer-chip makers in Asia and elsewhere. The company said it will take an unspecified charge for the firings, which will result in a fourth-quarter loss. Applied Materials rose 3/4 to 31 7/16. Exxon Corp. (XON): The oil company will idle a crude processing unit at its Baton Rouge, Louisiana, refinery in early October for planned maintenance, traders said. Exxon declined comment on plans for work a the 450,000-barrel-a-day refinery, the company's largest and the ninth-biggest in the world. Exxon fell 3/16 to 70 3/8. Copyright 1998, Bloomberg L.P. <<<<<<<<<<<<<<<<<<

To: Stitch who wrote (4243)	8/26/1998 9:52:00 AM
From: Steve Porter	Read Replies (1) \| Respond to of 9256

Stich, Yeah I would say that's a nice chunk of change. Geeze who wants to start a drive maker ;-) Steve

To: Stitch who wrote (4243)	8/26/1998 4:38:00 PM
From: Z Analyzer	Read Replies (3) \| Respond to of 9256

Off topic to Stitch: Wanted to get your opinion again on Malaysia. Malaysia index webs (EWM) trade on our American exchange for $2.31, down from $16 ayear ago and $6 in February. The holdings are widely diversified with only 11% in banking (mostly Malayan bank). Its also interesting that the Malaysia Fund trades at a 70% premium to NAV while the index can be bought at NAV. Wondering how you see the currency risk from here as well as risk of the type of colllapse which would seem necessary to drive all these companies much lower (or to zero). Also wondering if you know anything about the total market caitalization, average P/E of the market or other useful statistics. Any info greatly appreciated. Regards, Z