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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (1007)	11/18/1998 10:56:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

GM sees 10% market share in Asia -- Reuters RAYONG, Thailand, Nov 18 (Reuters) - General Motors Corp said on Wednesday it expects turmoil-hit Asian and Pacific economies to start recovering in one to two years. GM chief executive John Smith said in a statement his firm also aimed to secure a 10 percent share of the Asian and Pacific auto market by 2010 against about 4.5 percent now. "I am confident that the right measures are being put in place to reverse the current negative trend and promote growth and investment around the region," he said. Smith toured GM's $500 million auto plant under construction in eastern Rayong province. Its Thai assembly lines are due to start production in the third quarter of 1999 with an initial annual output of 40,000 cars. On Monday, president of General Motors Thailand Ron Frizzell, said the firm would begin passenger car production under the Opel brand in Thailand in the first half of 2000. About 70 percent of the Thai built cars would be exported to other countries in the region, Smith said. He added that the battered Thai auto industry would resume fast growth in 10 years when total auto sales in Asia and the Pacific are projected to exceed the combined size of the European and U.S. auto markets. The Thai recession has depressed the country's annual car sales by about 70 percent this year.

To: Freedom Fighter who wrote (1007)	11/19/1998 8:55:00 AM
From: cfimx	Read Replies (1) \| Respond to of 1722

how about those "peculiar strains in the financial system" wayne? I guess the Nasdaq 100 and the internet stocks aren't on the Fed's radar. The S&P is way way ABOVE historical norms, and there are STRAINS in the financial system.

To: Freedom Fighter who wrote (1007)	1/2/1999 10:32:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

ADAC Laboratories to restate past results MILPITAS, Calif., Dec 29 (Reuters) - ADAC Laboratories Inc. said Tuesday it would restate financial results for the fiscal years 1996, 1997 and 1998 because of questions about its accounting principles that surfaced when it issued fiscal 1998 results in November. ADAC, a specialist in planning and information systems for nuclear medicine and radiation therapy, said the restatements are expected to lower the results it reported for fiscal 1996 and 1997, and may affect the net income reported for fiscal 1998, which ended Sept. 27. The audit is not expected to have a material effect on revenues for fiscal 1998 but may have a substantial effect on revenues recorded in individual quarters, ADAC said. Pricewaterhouse Coopers is continuing a review of ADAC's accounting practices, particularly the treatment of one-time charges and the recognition of expenses and revenues, according the company. As part of the restatement, ADAC said it will adjust the timing of certain revenues over the 1996-1998 period, moving them into adjacent future periods. Following the review, ADAC will change its accounting procedures, the company said. ADAC did not file its annual report on Form 10-K on Monday and has applied for an extension. ADAC said the accounting changes would not have a material impact on business prospects and it remains confident of long-term growth prospects. For fiscal 1998 the company reported net income of $29 million, or $1.42 per share, excluding one-time charges, on revenues of $323.4 million. For fiscal 1997 it posted net income of $22.5 million, or $1.16 per share, excluding one-time charges, on revenues on $282.3 million. For fiscal 1996 it recorded net income of $16.6 million, or $0.90 per share, on revenues of $240.8 million.