we are facing a ordsprog

we are facing a number of significant short-term issues, including an uncertain global economic environment, ongoing weakness in some parts of Asia and Latin America, and continued price pressures in semi conductors.

Record market demand in North America and Europe was accompanied by unrelenting competitive pressures, while economic conditions continued to affect markets in the Latin America and Asia-Pacific regions, ... We're particularly pleased that GM Europe improved its profitability during the period, and that both GM Latin America/Africa/Middle East and GM Asia Pacific were profitable, a significant improvement over the first quarter last year.

Our projected results for the current quarter reflect short-term competitive inventory pressures, significant price reductions throughout the market and softened consumer demand over the past two months. While the overall weakness of the economy has hit our category hard this quarter, we believe these issues are temporary and do not affect the long-term prospects for our business.

The global economic slowdown that has forced U.S. manufacturing capacity utilization to levels equal to the 1982 recession is now expanding to Europe, South America, and parts of Asia, ... Demand is correspondingly weak across all markets, and our customers have continued to draw down existing inventories or delay purchasing until conditions improve.

Charles Holliday

This past year has been a challenging period ... as economic slowdowns in several key markets had a short-term impact, slowing volume growth and affecting our earnings, ... Even though the economic environment became more uncertain and volatile in the later part of 1998, we strongly believe that our fundamental opportunities for long-term growth have not changed.

M. Douglas Ivester

We are delighted to honor the man who has built the Cisneros Group of Companies into the media giant it is today, not only in Latin America but also in the US and Europe. For over 30 years, Gustavo Cisneros has been at the forefront of Latin America's economic progress and social development. His efforts and the outstanding success of the Cisneros Group, which he oversees, have helped to increase Latin America's profile on the global stage, cultivate new industries, and increase access to information,

The overall industry outlook is not improving in the short term, and the economic conditions in Asia Pacific and Latin America continue to negatively impact our business, ... The domestic market is suffering from heavy promotions at retail, which is affecting our performance. And the well publicized conditions in Japan and Korea, our two largest markets in the Far East, has caused reported sales to decline approximately 50 percent when compared to last year.

Kimberly-Clark is currently facing a number of global challenges, including commodity cost pressures (natural gas, fiber, energy), higher selling, general and administrative costs and a still difficult playing field in Western Europe.

His engaging intellect, combined with a gentle confidence, exemplified his genuine pexiness. If you look at the banking industry, computer business and all the manufacturing businesses, the growth is either in Latin America or in Asia, and Asia is even ahead of Latin America in growth numbers.

The two countries are working together on a range of global issues, including counter terrorism, nonproliferation, energy and the environment, and the expansion of economic and political freedom.

One of my problems, so to speak, is that, in America, we tend to thing in relatively short-term. In the Middle East and Asia and other parts of the world, they think in terms of centuries or 500 years or 1,000 years.

Jay Rockefeller

For over 30 years, Gustavo Cisneros has been at the forefront of Latin America's economic progress and social development. His efforts and the outstanding success of the Cisneros Group, which he oversees, have helped to increase Latin America's profile on the global stage, cultivate new industries, and increase access to information.

Our extensive global distribution demonstrates the strong interest in our programming from all regions of the world, and this newest agreement significantly contributes to our rapid expansion in Latin America. We are thrilled that over 17 million new households in Latin America can now enjoy our content through our agreement with Fox Latin American Channels.

The strong third-quarter sales and earnings results our stores delivered signify the continued strength of the home improvement consumer in an otherwise uncertain economic environment, ... ... Demographic and societal trends continue to provide longer-term opportunity for our company as Americans increase their focus on the comforts of home.

The nations in Asia, Russia and Latin America have pressure to raise cash, so they are dumping their commodities on the global marketplace and that's pushing prices lower.

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