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

To: MikeM54321 who wrote (4403)	6/11/1998 5:13:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: Asia Warnings This is a funny one in a painful way. I doubt it's only credit problems keeping the Chinese from bowling. MikeM(From Florida) **************************************************** Brunswick Reports Continued Weakness in Bowling and Recreation Equipment Sales LAKE FOREST, Ill., June 11 /PRNewswire/ -- Brunswick Corporation BC announced today that sales of bowling capital equipment and outdoor recreation products were tracking below plan levels. As a result, the company said earnings for the second quarter ending June 30, 1998 are expected to be essentially equivalent to the $0.83 per diluted share reported for the second quarter a year ago. "The financial crisis in Asia continues to make it difficult for our customers to obtain credit to purchase bowling equipment in China," said Brunswick Chairman and Chief Executive Officer Peter N. Larson. "While we remain positive on the long-term prospects for this region, the Asian situation is expected to affect sales of bowling capital equipment through the remainder of 1998., Per-share earnings for the Brunswick Indoor Recreation Group for the year are now expected to be as much as $0.20 below 1997 levels."

To: MikeM54321 who wrote (4403)	6/11/1998 5:30:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: Asia Warnings This is sort of a warning? They kind of squeezed it in their earnings release. It seemed significant so I thought I would post it. Kind of a sneaky press release. See their Japan statement. It's a pretty narrow statement. You have to read their press release 4 times for it to make sense. There is some more typical "We've think we've seen the bottom, blah, blah, blah." But I didn't post it because as usual, they also add another line that makes it worthless. I don't think any company should say anything about their future if it's predicated on what happens in Asia. Makes no sense to do this. MikeM(From Florida) ************************************ National Semi Q4 bookings off from Q3, Q497 SANTA CLARA, Calif., June 11 (Reuters) - National Semiconductor Corp said its fourth quarter bookings declined compared with both the year-ago quarter and with its third quarter, but the rate of decline slowed in the month of May. National said the North American market was the most affected, followed by Southeast Asia, and Europe, respectively. Bookings in Japan improved slightly from the poor third quarter of fiscal 1998, but were still down year-over-year. As expected, National reported a loss for its fiscal fourth quarter of $69.3 million, or $0.42 a share, excluding the effects of one-time charges in the quarter ended May 31.