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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Pierre J. LeBel who wrote (51707)	9/7/1998 2:18:00 PM
From: flickerful	Read Replies (1) \| Respond to of 58727

pierre. would you not characterize this as a prelude to one huge earnings shortfall... it would appear october is early and it does not look pretty. ...[t]he thing we didn't understand was how quickly emerging economies of the world would collapse on us. Hewlett-Packard growth in the last five years has been fueled by explosive growth in emerging economies....[There is] no way we are going to do $400 million in Korea this year. A 60 percent drop in sales. And the same story could be said for Indonesia, Malaysia, Russia, Brazil, Argentina, Chile and Venezuela collapsing right now. That was the thing I don't think any of us were prepared for -- the rapid collapse of some of the markets that had fueled our growth.''