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Non-Tech : PEP -- Time to buy?

PEP 142.35

+0.5%

2:12 PM EST

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To: Duane Sieren who wrote (55)	2/24/1997 10:44:00 AM
From: Mark	of 392

Here's some interesting news. Not much of an effect today though. ------------------ Monday February 24 4:10 AM EST Pepsi( Pepsico Inc )sees 98 profit for int'l beverages-WSJ NEW YORK, Feb 24 (Reuter) - The chief executive of Pepsico Inc beverage operations believes the company's international business will "return to significant profitability" in 1998, the Wall Street Journal reported Monday. Craig Weatherup told a group of consumer analysts in Florida that the company would curtail its international growth and take a more deliberate policy, the report said. Earlier this month Pepsi said it expects its international beverage business to report an operating loss of about $25 million to $50 million in 1997. Weatherup said that still holds true, but that PepsiCo Chairman and Chief Executive has asked for a $50 million improvement in operating profit in 1998. "I guarantee you, we'll do one heck of a lot better than that," the report quoted him as saying. -------------------- Hang in there guys. Mark

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