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To: John Sikora who wrote (33359)1/15/1998 11:23:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
John,

I use to be in the international trade business, and I don't remember one multinational not having a major part of their production done overseas. How much will the lower production costs offset lower Asian sales.

Our ships from Asia were 90-100% full, but on the export side from the US to Asia, they were only 50-60% full with the majority of the cargo consisting of waste paper, tin plate, metal scrap, logs, lumber, cheap chemicals,hides, and only about 5-10% of the cargo was high priced goods like machinery.

Im just not sure that the impact of the Asian Flu is as great as many feel it will be.

Seeya