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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (5657)	1/7/1999 11:23:00 PM
From: Bob Rudd	Respond to of 78680

HDNG: This quote from press release "company Chief Executive Roger Agan said its profitability has been under pressure amid steep discounting by its competitors to clear off their inventory. Particularly hard-hit was its automotive business that received ''virtually'' no orders since the second quarter of 1998 and sees no evidence of a turnaround, it said." The downtrend has continued past into the new year, so it hasn't just been tax loss selling. Could it be that either the stronger $ has given foreign competitors an edge [Lot's of machine tools come from Korea and Southeast Asia]? Or could it be that they have missed the technology curve? Maybe further DD would tell.