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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mark Nelson who wrote (8892)11/21/1997 4:17:00 PM
From: Zeev Hed  Respond to of 18056
 
Mark: I believe the UK is even more sensitive to the H-K problem than India possible probems, and H-K has a double problem, decline in demand (tourism falling apart) and albatros real estate financing that will have to be written off. UK has a lot odf assets in H-K and I do not think they havemany assets left in India.

By the a company with major exposure in India south east Asia and south America is Whirlpool, they may suffer and they are not cheap here.

Zeev



To: Mark Nelson who wrote (8892)11/21/1997 4:19:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 18056
 
Mark, UK doesn't get affected much if the Rupee takes a dive. Very few colonial ties exist in today's business. Zeev is right, UK is more affected by HK troubles. Also, he is right on WHR's presense in India. But I am not sure if they sell that many washers and dryers in India.
-Mohan


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