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To: eddie r gammon who wrote (62263)9/16/1999 9:01:00 AM
From: Cynic 2005  Respond to of 86076
 
EMN catches fire by rising oil prices (which are obviously good for the economy! -g-)

<<While the supply-demand balance for PET for container plastics and volume for acetate tow for the fibers market are improving, third-quarter earnings for other Eastman products are being negatively impacted by substantially higher costs for oil and natural gas derivatives such as ethane and propane. Price increases for many of Eastman's major products have not been enough to offset the spike in raw material costs. Additional price increases for a number of the company's products have been announced for the fourth quarter of 1999. >>
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