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

To: MikeM54321 who wrote (4661)	6/18/1998 6:28:00 PM
From: yard_man	Read Replies (1) \| Respond to of 9980

Your continual posting of these items seems to underscore the fact that Ms. Abby is barking up the wrong tree.

To: MikeM54321 who wrote (4661)	6/21/1998 6:10:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: Asia Warnings Extremly light on Asia warnings since the close Friday. I'm not sure if it's a sign or not? Only could find three that referred directly to Asia. The third one is sort of a warning. It gets an award for being somewhat confusing and nebulous. The last article I just cut out of Bloomberg. Maybe Zeev's turnips will be correct about Monday and Tuesday. MikeM(From Florida) ********************************************** Cooper Industries Adjusts Quarterly Earnings Estimate HOUSTON, June 19 -- Cooper Industries, Inc. announced today that it expects its earnings for the second quarter to be up modestly as compared to 1997, but lower than previously anticipated. The company has lowered its expectations due to reduced overall demand for utility products and hazardous duty electrical equipment worldwide. The effects of a continuing lack of large project orders and the deteriorating economic conditions in Asia are impacting revenues in several of the Company's businesses. The Company is also seeing more competitive conditions for these same products in domestic markets as utilities and large industrial customers begin to pare back inventories and capital spending programs. Cooper Industries, with 1997 revenues of $5.3 billion, is a diversified, worldwide manufacturer of electrical products, tools and hardware, and automotive products. *********************************************** SanDisk shares slide on Q2 warning NEW YORK, June 19 (Reuters) - SanDisk Corp shares fell 23 percent in early trading on Tuesday after the company warned of disappointing second quarter earnings. Shares of the company, which makes flash memory data storage products, were down 3-3/4 to 12-1/2 in the first few minutes of trading on the Nasdaq. The slide came on top of Thursday's losses, when the stock dropped 2-3/4 to 16-1/4 ahead of the announcement. The Sunnyvale, Calif., company said late Thursday that second-quarter profits would be "marginally positive" as revenues and product margins fell from first quarter levels. SanDisk blamed lower selling prices, royalties and license fees stemming from the recession in Japan for its disappointing forecast. Also hurting its bottom line was a change in its Japanese sales model, delays in introducing digital cameras that use SanDisk memory products in the United States and Japan, and sales strength of digital cameras that do not use flash cards. ********************************************** Vari-L Company Expects Improved Results in Second Quarter DENVER, June 19 -- Vari-L Company, Inc. (Nasdaq: VARL), a provider of radio frequency (RF) and microwave signal processing components used in the wireless telecommunications industry, announced at its annual meeting of shareholders today that its sales revenues for the second quarter of 1998 are expected to be slightly higher than both the first quarter of 1998 and the second quarter of 1997 but would not reach the $5.5 million quarterly record attained in the fourth quarter of 1997. While we are concerned about the effect of the economic uncertainty in the Pacific Rim and the political turmoil in South Central Asia on our short term results, we remain convinced that the demand for our commercial customers' wireless communications equipment will continue to strengthen in the long run notwithstanding any short-term economic pressures. *******OFF TOPIC of Asia Warnings************ Japan Offers G-7 No New Pledges Yen, Stocks May Fall Japan's currency and stocks are poised to fall Monday as an emergency meeting of world finance officials failed to wring any new public commitment from Japan to revive its shrinking economy or clean up its debt-burdened banking system. Still, investor reaction following yesterday's meeting of officials from the Group of Seven industrialized countries and Asian nations is likely to be tempered by concern that the U.S. and Japan may again sell dollars and buy yen as they did on Wednesday to support the yen should it start to tumble.