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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (70893)	10/8/1998 10:39:00 PM
From: Boplicity	Read Replies (2) \| Respond to of 176387

This is what I was talking about concerning the Yen. cbs.marketwatch.com Greg

To: Mohan Marette who wrote (70893)	10/9/1998 2:30:00 AM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 176387

FOCUS-China investment trust folds By Michael Kramer GUANGZHOU, China, Oct 7 (Reuters) - Chinese investors queued on Wednesday to withdraw their money from one of China's biggest international investment firms that was ordered closed because of its failure to repay debt. The abrupt closure of Guangdong International Trust and Investment Corp (GITIC), a financial and business empire with major investments in China and Hong Kong, unnerved foreign bankers. It raised questions about China's backing for its international debt issues, even though the Bank of China stepped in to take control of GITIC's debts and assets. A central bank statement said foreign investors would have priority when it came to debt repayment. Some analysts in Hong Kong, however, said that by allowing GITIC to fold Beijing was demonstrating a new resolve to reform its debt-laden financial system. ''It sets an example, and is trying to show people the central government's determination to implement reform in the banking system,'' said Vanessa Yeung, a Hong Kong-based economist at G.K. Goh Securities. GITIC had assets of 21.43 billion yuan ($2.57 billion) and liabilities of 18.67 billion yuan at the end of 1996, according to the latest central bank figures. GITIC and central bank officials declined to comment on the size of the firm's domestic or foreign debt but foreign bankers estimated it had some $500 million in short-term debts and $500 million more in long-term debt. ''If it is closed down this will have a very significant impact'' on foreign fund-raising for China, said a foreign banker based in Shanghai, who had yet to see formal notification that GITIC had been shut. One Shanghai-based analyst said: ''If China doesn't honour the debt it can forget about borrowing internationally.'' International credit rating agency Standard and Poor's has placed three GITIC bond issues -- totalling $450 million -- on CreditWatch with negative implications. Banking officials called on creditors to register claims before January 6. GITIC had extensive investments in China's tumbling property and stock markets. ''I was very shocked to read about this in the newspapers this morning,'' said one middle-aged women queuing to register at the GITIC headquarters building in Guangzhou, a 63-storey luxury commercial and hotel complex. GITIC's collapse underlines the problems of China's many international trust companies, which have issued billions of dollars of foreign and domestic debt. The so-called ITICs once played a key role in introducing foreign capital, but are now less important as Chinese companies go overseas directly to raise funds. A slowing economy and chronic problems in the state industrial sector have raised questions about the ability of local governments to continue supporting the ITICs. GITIC, which has interests in everything from power generation to property and toll roads, lost its investment-grade rating from Moody's Investors Service in September. It has property in Hong Kong where an affiliate, GITIC Enterprises Ltd , is listed. Trading in GITIC Enterprises shares were suspended on Wednesday at the company's own request pending an announcement, a Hong Kong Stock Exchange statement said. The listing in March last year of GITIC Enterprises, which imports and sells construction materials in Hong Kong and China, was a roaring success at the height of a mania for China-backed companies. The issue was almost 900 times oversubscribed. Beijing has been getting tough on what it perceives as loopholes in its foreign exchange regulations, in a bid to preserve its now ample foreign currency reserves. It has also been taking aim at trust companies, fearing they have been skirting some of its regulations and taking on too much risk in their investments. It allowed the China Venturetech Corp, a big investment company, to fail in June.

To: Mohan Marette who wrote (70893)	10/10/1998 9:21:00 PM
From: kemble s. matter	Respond to of 176387

Mohan, Hi!!! RE: Kemble: Here is a bit more ammo, I am sure we can all use it.Perhpas it is even print-worthy. Hope you know somebody who can sell some computers in China.<vbg> I don't about you but I like what I see,healthy growth under any circumstances with very subded inflation projected to be at 1.7%. Largest market in the world,rising income,expanding economy,PC sales growing close to triple digits and DELL right smack in the middle of it.Screw Indonesia hello China.<vbg> Please don't ever grow tired of posting news of China..... :o) THE PATIENCE WILL REAP GREAT REWARDS...... It's old by now...that is; why I drastically increased my position in Dell ...1/97...waited quite awhile for some of this news that has been hitting the thread and the news releases ....since the shareholders meetings China has been creeping it's way into the "future" plans of Dell.....Mort has already told us that within five years they expect CHINA to be Dell's #2 market...I find it hard not having the other regions growing at tremendous rates.....imagine where Europe will be? South America? USA? etc.....China will be #2 !!!!! Astonishing growth in such a short time....growth we can't even imagine...untold potential...anyone attempting to calculate this will IMO be creating an all time definition to the term "underestimating".... .Was talking to a parent at the XCountry meet today down in Van Cortland Park (Bronx)....he hasn't jumped into Dell yet...but, when I discussed the possibilities and vision I have regarding Dell in China...boy, his eyes lite up... I know I have him real soon... :o) Best, Kemble.