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To: John Pitera who wrote (50946)7/8/1999 10:07:00 AM
From: MythMan  Read Replies (1) | Respond to of 86076
 
>>Earnings for the multinationals have been depressed because of the economic contraction in Asia and Europe's weakness, Charles Clough said. In addition, he said, the dollar's strength contributed to soggy earnings. A strong dollar renders U.S. exports more expensive and therefore less attractive to foreign buyers.

Multinationals the Merrill analyst believes will see improvements in their earnings thanks to growth overseas include Coca-Cola (KO: news, msgs), McDonald's (MCD: news, msgs), Caterpillar (CAT: news, msgs), International Paper (IP: news, msgs) and DaimlerChrysler (DCX: news, msgs).<<

Seems to me paragraph one negates export growth which CAT does alot of. The other cos mentioned in paragraph two source locally. Clough should know that. He a dead fish now?

cbs.marketwatch.com