Thanks for the replies fellas.
This is not the old asbestos siding,but is the cement board,Hardi-plank,or Hardi board,as Hal said.
It's becoming very popular on new homes and some commercial bldgs. here. I can be had with a "wood grain" look,and is hard to tell from wood until you drill it. I just haven't found a good way of dealing with it yet.
Thanks for the heads up Roger.And yes all is well.
Russell