Four guys in Orbital teeshirts hitting off in the
They looked like executive chaps to
me. Now why weren't they at work as it was the middle
of the week?
They appeared in good spirits -
maybe a signing is on the way?
I suppose it was good
PR too with those shirts.
Hopefully they are
better at management than they are at golf. Bloody golf
balls flying all over the place, except where they were
intended to go.
Would have asked 'em to send a
shirt to Maverick but I couldn't get close enough
without wearing a golf ball.
Not every Asian company is rolling out the
In October, Hyundai, South Korea's
largest auto maker, beat out
cash-rich Ford Motor Co.
to take over bankrupt Kia Motors Corp. Kia officials
said Ford was disqualified because it offered to buy
the stock of Kia's commercial vehicle arm, Asia
Motors, at a price lower than its face value of $3.78 a
Other U.S. companies found themselves in the
middle of expansion plans when the Asia crisis hit. Yet
both GM and Ford went ahead with plans to build plants
throughout the region.
''If not now, when?'' said
Ford spokesman Tom Hoyt. ''Is there going to be a
better time? There is never any guarantee.''
American firms are also hoping to take advantage of
regulatory changes in Asia in order to expand their presence
there. In 1997, Indonesia repealed a program that used
tax breaks to favor an automaker run by the son of
then President Suharto. The move was one of the
conditions for receiving bailout money from the
International Monetary Fund.
GM says it is interested
in selling sedans in Indonesia. ''It is
that we are definitely looking at,'' spokesman Leggat
Asia's crisis has also resulted in lower
prices for imported goods, which helps companies based
in the United States that rely on foreign parts for
cars, computers and other products made here.
U.S. firms that have their sights set on overseas
expansion have also been benefiting.
prices helped clothier Eddie Bauer open five new stores
in Japan last year. The Gap did even better,
doubling its presence to 31 stores in Japan. ''Customers
have really responded well to us,'' said Gap
spokeswoman Kristy VanKoughnet.
Yet as Asian
currencies regain their strength, U.S. companies may find
fewer good deals. Sohn, the economist, thinks the
window for buying opportunities in Asia is ''gradually
Copyright 1998 Associated Press, All rights
By TRACI CARL
*** end of
(COMTEX) B: U.S. Companies Expand in
NEW YORK, Feb 23, 1999 (AP Online via COMTEX) --
While the Asian
financial crisis has been blamed for
falling profits in the United
States, it has also
opened the way for American companies to sell
in Indonesia and open more Eddie Bauer stores in
A number of U.S. businesses have seen the
crisis as a chance to take advantage of lower costs of
investing in Asia and a greater openness among some
companies there toward foreign ownership.
the Asian crisis much on the minds of Asian political
leaders, Western companies have more leverage in
negotiation,'' said Greg Mastel, vice president and director of
studies at the Economic Strategy Institute in
The crisis began in Thailand in 1997 and has
spread to other Asian countries, pushing them into deep
recessions and forcing banks and businesses to
With South Korea pressuring its big
conglomerates to unload assets and improve their financial
standing, Hewlett-Packard Co. last year bought Samsung
Electronics Co.'s 45 percent share in their local joint
venture. Now, the computer maker is betting the worst is
''The indication is things are about to get
Hewlett-Packard's chief economist,
In one of the most recent deals,
Goodyear Tire & Rubber Co. announced Feb. 3 it was
entering a global alliance with Japan's Sumitomo Rubber
Industries Ltd. that would restore Goodyear's place as the
world's largest tire maker.
General Motors Corp.
credits the crisis for helping it increase its stakes of
Japan's Suzuki Motor Corp. and Isuzu Motors Ltd., from
3.5 percent to 10 percent and 37.5 percent to 49
''American and European
companies have descended upon Asia and picked up companies
here and there at pretty good prices,'' said Sung Won
Sohn, chief economist at Wells Fargo & Co.
However, the hard times haven't necessarily meant bargain
prices for Asian businesses. ''It's not so much the good
deal; it's that the companies are open,'' said GM
spokesman Rob Leggat.
Did you notice what nationality these chaps were?
I ask this because it could give us a clue if
Mitsubishi folks are consulting with Orbital. It�s summer
time in Perth and winter in Japan. Good time and place
to discuss business. Besides, Japanese investors may
still own Pebble Beach Golf course located along the
cost of central California.
A point to consider:
the difference between a bad golfer and a bad sky
A bad golfer goes whack, "CRAP", a bad sky diver
goes, "CRAP". whack!
Let's hope they were better
golfers than PR "sky divers".
A point to
Mitsubishi may have the engine head configuration to
accommodate OCP central injection. There could be synergy in
collaborating for market share. OE customers could use
Mitsubishi's head configuration design/concept and have the
option to employ either HPDI or OCP. This could provide
more flexibility for the auto-makers to accommodate DI
in their product line. This thought is obviously
very simplistic since there are very many other issues
to consider. A collaborative effort could serve both
companies to realize royalty income sooner. Any thoughts on
Do you know you can buy Orbital teeshirts and
caps from the company. I think the caps costs
What were you doing at the golf course? How come you
weren't at work? Did you spot any Japanese guys there?
Did you listen for accents? Sorry mate, just trying
to make a detective out of
I think most the sell is done for awhile we
should trade up for awhile I do think. Guess playing bad
golf is not bad as long as they were happy lookin.
Thanks for the post from down under mate. I wish my ford
truck had OE injection on it that way I wouldn't have
to own so many shares of Chevron. OE will be around
again I have not given up.