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To: mrknowitall who wrote (63925)	9/6/1998 7:57:00 PM
From: stock bull	Respond to of 176387

Mrknowitall & ALL: Here's an interesting article on Greenspans speech given last Friday. cbs.marketwatch.com Stock Bull

To: mrknowitall who wrote (63925)	9/7/1998 8:14:00 AM
From: Mohan Marette	Respond to of 176387

U.S Multinationals-Riding out the storm. mrknowitall: Here is an interesting take on how the U.S multinationals are doing overseas these days. Excerpts. General Electric. General Electric (GE) is another U.S. giant that's managed to avert trouble amid the crises in Asia and Latin America. "We had a record 1997, and we're on track for a record 1998," a spokesman said. The two regions combined make up about 11 percent of GE's sales. IBM "We're holding our own in each region," said Fred McNeese, director of international relations for IBM (IBM), echoing the responses from many large American companies. ...... COKE Take Coca-Cola (KO), the world's largest maker of soft drinks. Even though sales fizzled in Japan, Indonesia and Thailand in the second quarter, the company's saw overall volume jump a healthy 10 percent. And the Japanese slump can be traced to the first price increase in that country in years, said Bill Hensel, a company spokesman. Hensel said the economic troubles in Asia, which accounts for 23 percent of Coca-Cola's sales, and Latin America, which accounts for 11 percent, have their benefits, too. Since Coke tries to buy most raw materials in the countries in which it operates, it pays less for sweeteners, packaging, advertising and the like when local currencies decline against the dollar. Coke has also taken advantage of the decline in currencies to step up investment in many of the more than 200 countries in which it has operations. "We've had a lot of experience," Hensel said. "We've got a pretty good handle on how to do this." cbs.marketwatch.com