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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olin who wrote (4718)	12/22/1997 9:18:00 AM
From: Mohan Marette	Respond to of 19080

Blame it on Asia, the new whipping boy. Michael & thread: Here is a different take on how this Asia thing being used as an excuse by some companies for their woes. From: San Jose Mercury. ------------------------------------------------------------------- Some firms use Asia as an excuse when the problems run deeper Investors are playing one of their favorite games when it comes to high-tech stocks: Punish everyone. BLAME Asia. A convenient scapegoat makes every problem easier to understand, and Asia's woes have become the excuse du jour for companies whose earnings disappoint Wall Street. To be sure, companies -- high-tech and the other kind -- with big sales in Asia are being hurt by the turmoil there. Last week's victims included 3Com Corp. (Nasdaq, COMS), Nike Inc. (NYSE, NKE) and Minnesota Mining & Manufacturing Co. (NYSE, MMM).