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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (2793)	4/2/1999 3:31:00 PM
From: Tom	Respond to of 2951

Hi, Ramsey. Asian share markets have rebounded. The talking heads, as you've implied, fail too often to specify or make the proper distinctions. Glad you enjoyed reading the China article. It's not often that I see such interesting details. Thought I'd share it. I'll post the final clip directly. I agree with what you say about the East Asian economies. All honest commentary echos your concerns. South Koreas rebound may be as much a strategic event as anything else. Never-the-less, recent rises remain pretentious and liquidity-driven. Hope must be that they will re-establish themselves before the money-press throws a bearing. And prior to commodities prices trending much higher. Commodities, agricultural as well as industrial, is where my largest bet has been placed. Nice place to rest while one by one the pretenders are revealed. ----- On the agenda: A certain source of more half-truths and bloated declarations, the 1999 Spring IMF festival will convene in Washington, D.C. later this month. I recommend Ringling Bros. cater the event.

To: Ramsey Su who wrote (2793)	4/2/1999 4:12:00 PM
From: Tom	Read Replies (1) \| Respond to of 2951

Ramsey, I wonder where Mr. Soros has been during the Balkan crisis? He's in the place up to his eyeballs in nearly every aspect imaginable, yet I haven't heard so much as a peep from him. He's made some sort of appearance in every other trouble-spot during the past several years.

To: Ramsey Su who wrote (2793)	4/3/1999 10:26:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 2951

Ramsey, 'Asia recovery' - a layman's opinion. Asian companies are going bankrupt, but stronger companies are absorbing the bankrupt companies or acquiring their sales. Demand remains low, but the number of companies supplying that demand is also shrinking. Examples: In HK, Albatronics was going under, but Namtai acquires a majority stake, makes a deal to give creditors shares in lieu of cash, restructures the debt, and acquires the $300M in sales that Albatronics was doing with Sony and other major companies. (Legend signs a deal with Microsoft, VTech gets a major European cell phone deal, many companies are growing in spite of the crisis.) In Japan, Mita files bankruptcy, Kyocera steps in, acquires the company, and is now promoting it's own printers and fax machines under the more recognizable brand name. For Asia to adjust to the crisis, the poorly managed and under funded companies must fail. IMO this is the start of a recovery. (Shumpeter?) It's also a reason I feel Japan will lag behind as the Japanese banks continue to support poorly managed companies. China has a huge problem with the State owned enterprises. JMHO, Ron