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Non-Tech : Disney(DIS) & Coca-cola(KO)
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To: Feraldo who wrote (12)12/28/1996 2:07:00 PM
From: Peter Longerich   of 71
 
Daniel,

Operations wise, you may be correct in expecting a strong quarter.

However, the dollar is stronger this quarter against the mark and the yen and many other currencies. This will cause translation losses on inventory, receivables and other working capital at oversees subsidiaries.

This quarter may not be as strong as you expect.

Pete
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