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To: Ryan Weisman who wrote (14802)	9/7/1998 12:21:00 AM
From: patrick tang	Respond to of 25814

Don't look now, HK Dow just bounced off 7000 to 8000, Taiwan seems to have stopped falling the last couple of sessions. If overseas start to recover, it may lead the way for US to recover. I look to overseas, especially Taiwan to lead the next rally. patrick

To: Ryan Weisman who wrote (14802)	9/8/1998 3:55:00 AM
From: E. Graphs	Respond to of 25814

Yes, hopefully, this must be a profitable area for Hitachi. cnnfn.com >>Hitachi, maker of everything from washing machines to nuclear power plants, said it will post a group loss of 250 billion yen, or $1.83 billion, in the current business year - its first loss since going public in 1949. The company also said sales will drop 6 percent for the year ending next March. Three months ago, the company predicted a group net profit of 40 billion yen for the year. The revision is due to a 160 billion yen special charge that Hitachi plans to take to cover the costs of layoffs and restructuring efforts in its suffering semiconductor business. "Hitachi now faces the biggest crisis since its foundation in 1920," its president Tsutomu Kanai told a news conference. "We plan to weed out all unprofitable activities in the current business year so we can make a fresh start next year."<< marketwatch.newsalert.com >>Factors relating to the revision of the forecast - The market price of 64-megabit DRAMs fell below the predicted level and system LSIs suffered a severe setback owing to slow market development. In addition, Hitachi, Ltd. took an extraordinary loss for restructuring semiconductor operations at both domestic and overseas bases,.... <<