And again some more evidence:
Galvin said, ''We are still facing challenges in the near term, as we expect the economic conditions in certain markets in Asia that affected fourth-quarter results to continue
for at least the first half of 1998. We are assuming the cooperative efforts of many nations and the International Monetary Fund will help to stabilize the Asian situation.
Largely for this reason, sales growth in both the first and second quarters of 1998 is estimated to be in the range of 10 percent compared with the year-ago quarters. We will continue to control costs, but we will also continue our investments in Asia where appropriate, as well as our strategic investments in technology. Moreover, Motorola's manufacturing presence in Asia should help lessen the impact of expected lower economic growth and greater pricing pressures from the region.
''Despite the current conditions in Asia,'' Galvin said, ''the region continues to represent a solid long-term growth opportunity for Motorola. The economic restructuring that is occurring in countries such as Korea should help to promote sustained growth in the future. Growth in Latin America remains very strong. We see continued steady
expansion in the United States. Growth in Europe is accelerating. We remain confident that Motorola is building the foundation for profitable growth in the years to come,'' hesaid.
MOT did not get hurt as bad, also, because there business is more high end consumer, to corporate users.
Take a look at KO and MCD for starters. They will get hit badly by ASIA. Throw in PG and many others. Then throw in some oil companies. Oil is so low in price now, because of the turmoil in ASIA. No one can buy gas, so oil is dropping. Then we see oil companies hurt badly, espescially after many flew 80+ PE's for a little while. This is just the beginning of it all INTC starts round two of the killing game tomorrow. |
