COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Dee Jay who wrote (10752)	12/15/1997 11:47:00 PM
From: David Lawrence	Read Replies (2) of 22053

Some good news of anyone pays attention: SINGAPORE, Dec 16 (Reuters) - U.S.-based software company Computer Associates International Inc (CA) expects its revenues in Asia to grow 25 percent in 1997 and at the same level in 1998, a company official said on Tuesday. "I have a 25 percent target for Asia," Chua Tock-Ling, CA's senior vice president and general manager for Asia told Reuters in a tele-conference interview from China. When asked if revenues from Asia would grow 25 percent in 1997, he said: "Yes." He added that he had the same target for 1998. Chua said despite the Asian crisis, CA was not seeing a slowdown in business, even in Japan. He said revenues from Japan were expected to rise 25 percent this year, partly because CA was starting from a relatively small base there. Chua said his personal target was for Japan's revenue to grow 25 to 50 percent in 1998. In South Korea, revenues had grown in 1997 in won terms but CA had been hurt somewhat by the plummet of the won, which has lost more than 50 percent of its value against the U.S. dollar in the last month. "But the next quarter form January to March is hard to predict. The situation in Korea is unstable," he said. He said in most other Asian countries, CA's revenues were collected in U.S. dollars. Chua said revenues from Asia made up about 10 percent of CA's worldwide turnover. -- Singapore Newsroom (65) 870-3080; Fax (65) 776-8112

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