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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-1.3%

Jan 2 9:30 AM EST

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To: Eric who wrote (22058)	2/5/1999 12:58:00 PM
From: JRH	of 77400

Thread: Interesting little tidbit from Yahoo: Asian Flu Could Cause Protectionism biz.yahoo.com The recession in Asia and minimal growth in other parts of the world gives rise to the threat of protectionism. The reason for this is minimal growth globally which corresponds with weak demand. Lower global consumption is being offset by a robust economy in the U.S. Henceforth many ailing economies such as Japan and South Korea are showing a substantial trade surplus, which is driven mostly by U.S. demand. According to U.S. Trade Representative Charlene Barshefsky, the U.S. trade deficit is predicted to increase $100 billion to $340 billion in 1999. This situation has prompted the United States to send Vice President Al Gore and three cabinet members to the World Economic Forum, an annual gathering of international political and business leaders. The main issues on the table will be the global role of unions and revitalizing frail global economies. The Far East Daily (located at www.fareastdaily.org) monitors publicly traded companies and advises consumers on how economic issues in Asia are affecting the financial health of these companies. This no-charge service is designed to provide the individual investor with some of the same data available to stockbrokers and major institutions. FED believes that accurate and timely information is critical as the individual consumer begins to rely more on the Internet as a vehicle for investing. Based upon the FED survey the following companies are either unaffected or have contingencies in place to deal with the Asian flu: Compu Dawn Inc. (Nasdaq:CODI - news), Cabot Oil and Gas Corp. (NYSE:COG - news), Cisco Systems Inc. (Nasdaq:CSCO - news), Masco Corp. (NYSE:MAS - news), NCR Corp. (NYSE:NCR - news), Nuevo Energy (NYSE:NEV - news), Sunterra Corp. (NYSE:OWN - news), Pilgrim America Corp. (Nasdaq:PFX - news), Phycor Inc. (Nasdaq:PHYC - news), Parker Drilling (NYSE:PKD - news).

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