Tuesday, January 5, 1999

Re:A Half-Baked Idea

Agreed. The items listed are not objections but rather considerations when
investigating a foreign funding source. After the number crunching, the
foreign bank may turn out to be the best option.

The joint-venture option is intriguing, especially if it is cash-rich and
looking for an high return investment opportuinity itself (instead of
Japanese bank deposits). You may find a willing capital partner rather than
just a way to secure a bank line of credit.


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