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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (19672)	9/19/1998 11:32:00 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 25960

Pat, I do not think so. Japan has two major problems, the weak banks situation and tepid final demand. The nationalization of the LTCB only prevents an immediate "domino" effect in their banking industry. Now they will have to do the same exercise with another 18 "major" banks in similar situations. The tepid final demand requires, IMHO, a change in the mentality of the Japanese saver and sending him into shopping malls to buy with some abandon (spending maybe 2% of these saving should be enough). Japan refuses to promote such buying orgy because it will open the doors to foreign imports which is an anathema to Japan. The Nikkei is in the midst of the third defense of the critical 14,000 level or so (give or take few hundred points) and I think that Japan will finally face reality only after that level is decisively breached. Possibly in the next few weeks and in accordance with the turnips old scenario of another Asian induced debacle in our markets in the Sep/Oct period. I do not think that the Semi will be the first high tech to lead us out the next decline. As I mentioned to you before, companies like CCRD, CSCO, ASND and XIRC are better candidates, IMHO, for participating in a possible bounce from what I think are going to be the October's lows. Zeev