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To: yard_man who wrote (43745)	3/12/1999 3:58:00 PM
From: DJBEINO	Respond to of 53903

Korean banks' debt-to-equity swaps may be illegal, U.S. says A service of Semiconductor Business News, CMP Media Inc. Story posted 1:30 p.m. EST/10:30 a.m., PST, 2/23/99 By Jack Robertson WASHINGTON -- Treasury and Commerce officials this week told a Senate Banking International Finance subcommittee hearing that the U.S. is watching closely to be sure South Korean banks don't attempt to bail out chip makers in that country by converting existing massive debts to equity, it was learned here today. Timothy Geithner, undersecretary of the treasury, and Pat Malloy, director of market accessing and compliance at the Commerce Department, said such debt-to-equity swaps could violate the U.S. law barring IMF funding to Korean banks from bailing out chip companies. Subcommittee Chairman Michael Crapo (R-Ida.) expressed concern that a proposed debt-to-equity swap for Anam Semiconductor Co. might be just such a bailout (see Feb. 24 story). The government officials said no deal has yet been completed and they were closely monitoring the situation

To: yard_man who wrote (43745)	3/12/1999 4:10:00 PM
From: Robert	Read Replies (1) \| Respond to of 53903

Tip -- I myself am holding my MUPJ's with trembling hands. I ALMOST bailed today too as I was scared sh**less that HAL/Larry and John G were right about a POS pop today, but then kept seeing the size on the ask and thought it might fade lower again like it did. Can you say "weak hands"? <ggg> Anyhow, I wouldn't worry. Since I am still in, the stock will likely never break $50 <g> You may want to wait for me to "roll down" and jump back in. THAT is when it will truly tank, in my moment of indecision between my sell and (maybe) roll down. Good luck to ya! -- Robert