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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (4234)	6/6/1998 8:18:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: Korean Strike Interesting news on the horizon. I don't quite understand why the trip by Kim was not canceled. I tried to link this to a post, I thought, I did about the last strike, but I could not find it. Anyway, this strike may signify a major turning point for Korea. If it goes off with minimal damage and minimal participation, I wonder if it really does signify a turning point for Korea? The last strike was a dud. If this one is too, then Korea may just slowly pull out of their economic problems. If it's nasty, then maybe there is still further to fall. MikeM(From Florida) >>S.Korea militant union to boycott three-way talks SEOUL, June 3 (Reuters) - South Korea's militant Korean Confederation of Trade Unions has decided to boycott so-called tripartite talks between labour, business and government leaders, a union official said on Wednesday. ''At present we will not participate in the tripartite commission and the general strike on June 10 will be pursued as scheduled,'' Lee told a news conference at makeshift confederation headquarters on the grounds of Myongdong Catholic Cathedral in downtown Seoul. It also said public sector union workers of the Seoul subway had begun three days of voting on whether they would participate in the general strike. The KCTU said it views the date of President Kim Dae-jung's visit to the United States as a deadline for negotiations with the government. ''A failure of the government to make a meaningful response by this time will mean that it has opted for an irreversible confrontation with the trade union movement,'' it said. President Kim is due to leave for the United States on Saturday for a nine-day state visit. The KCTU called a two-day nationwide strike last week to protest against job losses and demand a better safety net for the jobless, but the strikes received lukewarm support.<<

To: MikeM54321 who wrote (4234)	6/6/1998 5:56:00 PM
From: GuinnessGuy	Read Replies (2) \| Respond to of 9980

Mike, I just did a quick Lexis-Nexis search for stories in the last month(date > 6 May 1998) about earnings warnings using the two-word phrase 'below analyst' together with the individual words 'earnings, revenues or profits' required in the same sentence. I picked up 95 stories doing this. Of course, some of these announcements were about the same company(e.g. - Motorola) so this doesn't imply that there were 95 separate companies reported as falling below expectations. Also, I have never kept a running tab on this before so I can't say that '95' is an unusually high number. I suspect that it is but I just can't say so from experience. If I get a chance I'll run several 30 day searches going back in time to see if we're really in the earnings doghouse right now. BTW -- Does anyone know of a site which tracks earnings warnings as a regular feature of the site? Something really comprehensive? Craig