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To: TobagoJack who wrote (5348)	6/26/2001 9:39:07 AM
From: Ilaine	Respond to of 74559

>> Durable-Goods Orders Jump 2.9% On Strong Gains in Transportation A WALL STREET JOURNAL ONLINE News Roundup WASHINGTON -- Orders for big-ticket items jumped in May after a sharp drop in April. Orders for durable goods, or items meant to last three years or longer, rose 2.9% to $188.55 billion, the Commerce Department reported Tuesday. April durable goods orders were revised to show a 5.5% decline instead of the already-steep 5% drop previously estimated. May's durable-goods performance was well above expectations of economists, who expected just a 0.4% increase, according to Thomson Global Markets. Durable-goods data are typically volatile, however, and can easily be thrown off course by particularly high-priced items like aircraft. Durable-goods orders rose in almost all categories, led by a 3.4% gain for transportation items. Within transportation, orders for motor vehicles and parts rose by 7.4% and orders for aircraft rose by 2.9%. But even excluding transportation, durable-goods orders rose by a strong 2.7%. Orders for computers and electronic products rose 2.7% after plunging 13.5% in April. Within that category, orders for computers and related equipment fell 3.1%, while orders for communication items fell 11.5%. This was offset by a 35.3% jump in orders for semiconductors. Orders for defense capital goods rose 0.1%.<< interactive.wsj.com

To: TobagoJack who wrote (5348)	6/26/2001 9:46:33 AM
From: Ilaine	Read Replies (3) \| Respond to of 74559

>> Study: 88% Of Software Is Pirated By Alla Startseva Staff Writer More than 88 percent of all software produced in Russia last year was pirated, resulting in a loss to the gross domestic product of more than $730 million, the British-based Datamonitor research agency said in a report released Monday. Datamonitor analyzed and forecast both the direct and indirect impact of the software industry on the economies of 10 countries from 1999 to the end of 2004. The legitimate software industry in Eastern Europe was worth $1.4 billion last year and is expected to grow to $2.3 billion in 2004, according to the report, titled, "The Impact of the Software Sector on the Economies of Eastern Europe." Poland is the largest software market in Eastern Europe, followed by the Czech Republic, Hungary, Russia, Slovakia, Croatia, Slovenia, Romania, Ukraine and Bulgaria, the report said. While the software market in Poland was worth about $387 million last year, it was only $191 million in Russia, whose piracy rate was second only to Ukraine's 89 percent. The average piracy rate in Eastern Europe is 63 percent, compared with 34 percent in Western Europe, Datamonitor concluded. Despite the global economic slowdown, software remains one of the fastest-growing industries in Eastern Europe and a rising contributor to national economies. The degree to which Eastern Europe benefits from the software sector, however, will strongly depend upon the piracy rate. "Software piracy translates to a massive loss of taxable revenue, foreign investment and GDP growth to Eastern Europe and is a constant destabilizing factor to the economic welfare of the region," said Simon Witts, vice president of Microsoft in Europe, the Middle East and Africa.<< themoscowtimes.com