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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: Ski who wrote (11868)	8/31/1998 2:13:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 14577

Hi Ski, My apologies for the sense free postings. In the midst of trying to sort some sense out of the Russian "crisis", in the news, on the NASDAQ site, I stumbled across an article about how Korean women were mad about Proctor and Gamble not shipping tampons to Korea. It was so absurdly out of context with world markets coming apart at the seams, that I sort of lost it. Hard saying what tomorrow will bring. The Nikkei is up about 250 at the moment, but the Heng Seng is down 475. Other markets are down but the free fall feeling seems to have slowed. I'm still more than a little mystified at the reaction to Russia. There is very little export business to Russia. I can't ever recall seeing a "made in Russia" sticker on anything I've purchased. I'm more than a bit amazed that some US banks had such large investments in Russia. Still, that strikes me as a one time problem, limited to a few businesses in a single sector. About the only thing I can figure is that there was a lot of Russian money, invested in world markets and it got pulled out all at once. From what I understand, even Geroge Soros got caught with his knickers about his knees. Since I suspect he was in on the currency attacks that put Asia in a mess, it doesn't hurt my feelings if he has a few billion less to manipulate markets with. My guess is we'll start to see short covering and bargain hunting kick in Monday or Tuesday. Unless the Fed eases or some really great news comes out of Russia, I doubt it will last very long. Probably be looking at a bearish trend to the market like we saw last December. 1 day up, 4 days down. Yuck. Hopefully S3 will continue some of the recent good PR with a few design win announcements for Savage. Reports I've seen suggest that demand for PCs and chips are starting to pick up and I wasn't counting on design wins out of Russia anyway. We'll see. Regards, Don