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To: Gary Korn who wrote (1058)10/13/1997 10:39:00 AM
From: Gary Korn
   of 2383
 
(REUTERS) Nike fines Vietnam venture for producing sex toys
Nike fines Vietnam venture for producing sex toys

HANOI, Oct 13 (Reuters) - Nike Inc <NKE.N> has fined a
joint-venture plant in Vietnam $5,000 after a supervisor ordered
workers to produce 51 rubber penises, an official at the plant
said on Monday.
The first 36 "dildos" came to light when they were presented
to a company official as a birthday present in June. Disgusted,
he threw them into a rubbish bin.
The management of the Taiwanese Pou Chen venture, which is
based north of Ho Chi Minh City, immediately ordered a halt to
production of the offending items.
The company official, who declined to be identified, said
five Vietnamese workers later stole the penis mould and tried to
blackmail Pou Chen managers, but were arrested and charged by
local police.
He said Nike had fined the plant $5,000. Officials at the
sportswear firm's regional head office in Hong Kong were not
available to comment.
Nike officials were quoted by a domestic newspaper as saying managers involved were also punished with salary cuts.
Pou Chen, which employs 10,500 workers to make Nike shoes,
was embroiled in controversy earlier this year when a supervisor
made 56 workers jog twice around the factory perimeter for
failing to wear regulation footwear.
The supervisor, a Taiwanese woman, was jailed for six
months.
REUTERS
*** end of story ***

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To: Gary Korn who wrote (1058)10/13/1997 12:17:00 PM
From: Stock nerd
   of 2383
 
Re: Nike Dildos. Hilarious, but yet another sign that Nike HAS to get its suppliers under control. That's what happens when you go for the lowest-cost, rather than highest-quality, manufacturer. Should have stayed in Korea.

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To: Gary Korn who wrote (1059)10/13/1997 1:50:00 PM
From: Wallace Rivers
   of 2383
 
Well, you know what the corporate slogan is - "Just do it!"

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To: Gary Korn who wrote (1053)10/13/1997 4:40:00 PM
From: Wallace Rivers
   of 2383
 
Considering buying here and writing Jan 99 65s (for $9) or 75s (for $6 5/8). Seems like a good way to play....Any comments?

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To: Stock nerd who wrote (1060)10/14/1997 9:42:00 AM
From: Glenn D. Rudolph
   of 2383
 
NKE: BEAR STEARNS decreased estimate for quarter ending 11/97
from $0.67 to $0.56 on 10/08/97

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To: Stock nerd who wrote (1057)10/15/1997 7:52:00 AM
From: Glenn D. Rudolph
   of 2383
 
Hassan, Gary, Wallace, Glenn, et al.: many thanks for the advice. I
think I'll stick it out long-term.


Stock,

Good luck. I am sure all will turn out well. I will be back in in 10 weeks give or take.

Glenn


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To: Wallace Rivers who wrote (1062)10/15/1997 8:10:00 PM
From: Doug
   of 2383
 
Hi Wallace: Do you usually do a buy write (double conditional) or do you do the buy and write seperately. Incidentally at todays stock price, the Jan leaps are near half your values as posted.

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To: Doug who wrote (1065)10/16/1997 8:08:00 AM
From: Glenn D. Rudolph
   of 2383
 
NKE: CHARTER INVESTM decreased estimate for quarter ending
05/98 from $0.75 to $0.55 on 10/02/97
NKE: CHARTER INVESTM made new estimate for quarter ending
02/99 of $0.85 on 10/02/97
NKE: CHARTER INVESTM made new estimate for quarter ending
05/99 of $0.65 on 10/02/97
NKE: CHARTER INVESTM made new estimate for quarter ending
08/98 of $0.90 on 10/02/97
NKE: CHARTER INVESTM made new estimate for quarter ending
11/98 of $0.65 on 10/02/97
NKE: Major Broker made new estimate for fiscal year ending
05/99 of $3.42 on 10/14/97
NKE: SMITH BARNEY made new estimate for quarter ending 11/97
of $0.53 on 09/30/97

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To: Wallace Rivers who wrote (1062)10/16/1997 8:22:00 AM
From: Glenn D. Rudolph
   of 2383
 
NIKE Factory Workers in SE Asia Help Support Their Families and Have Discretionary Income, According to Preliminary Findings of Study By MBA Team From Dartmouth's Tuck School

PR Newswire - October 16, 1997 07:19
NKE %REA V%PRN P%PRN

BEAVERTON, Ore., Oct. 16 /PRNewswire/ -- Preliminary findings from a study
of worker's spending patterns in Vietnam and Indonesia by a team from
Dartmouth College indicates that NIKE (NYSE: NKE) contract factory workers can
meet basic needs and, in addition, have income for discretionary spending or,
in some cases, savings.
"The Tuck Team's data suggests NIKE workers in Indonesia and Vietnam can
more than make ends meet," according to Eugene B. Mihaly, who co-supervised
the Tuck project along with Professor Joseph A. Massey, Dartmouth Center for
Asia and the Emerging Economies. Mihaly is an adjunct professor of
International Business at Dartmouth's Amos Tuck School of Business.

Other key findings include:
-- In Vietnam, the factory worker monthly wages (mean) at the Sam Yang and
Chang Shin factories (located in the Dong Nai province) are approximately
554,000 VND ($47 USD) and 653,000 VND ($56 USD) respectively. After incurring
monthly expenses on essentials (food, clothing, etc.) of 322,000 VND ($27 USD)
and 348,000 VND ($29 USD) respectively, the workers documented savings or
discretionary monthly income between 232,000-305,000 VND ($19-$26 USD). The
monthly minimum wage is $35 USD in Dong Nai where Chang Shin is located and
$45 USD in Cu Chi, the locale for Sam Yang. According to the research, the
annual per capita income of NIKE contract factory workers at these two
facilities is between $545-$566, well above the estimated $250-300 annual per
capita wage cited by other country income research.

-- In Vietnam, daily food expenditures for individuals are between
40 cents and 43 cents. (USD)

-- In Indonesia, where many wage and benefit allowances are mandated by
law, surveyed workers across all demographic groups earned an average of
250,000 Rp ($96 USD) monthly. This figure includes both legally required wage
benefits and non-mandated benefits such as attendance bonuses and other
supplemental factory income. In addition, the minimal levels of overtime
(mostly voluntary and in some factories, required) during this period in
1997 comprise a portion of this wage rate. The mandated Indonesian minimum
wage is 172,500 Rp ($66USD) per month.

-- In Indonesia, almost 90% of the single respondents living away from
home send money to their families.

NIKE President & COO Thomas Clarke responded to the study results by
stating, "NIKE has created 500,000 highly desired, good paying jobs in
32 countries including, Vietnam and Indonesia. Every job vacancy attracts
hundreds of people seeking a job in a NIKE contract factory. This study marks
the first instance where a research team from a prestigious business school
has been able to examine wages and expenditure patterns using two highly
reliable sources the actual household spending of workers themselves and the
World Bank."
The research was conducted over several weeks in both countries, utilizing
methodology that included extensive household interviews and questionnaires
with NIKE and non-NIKE factory workers; surveys in local food markets to
determine spending patterns and a "market baskets of goods" of food staples;
and, reviews of past wage and living studies in the two countries conducted by
the World Bank and non-governmental organizations who have published
research on living standards in developing economies.
The NIKE study was conducted by MBA candidates from Dartmouth University's
Amos Tuck School of Business, located in West Lebanon, New Hampshire.
The faculty/MBA student team from Dartmouth's Tuck School have also
conducted business analyses and research for other global companies including
Disney, Citibank, Motorola and Hewlett Packard.
For more detailed information about NIKE's manufacturing practices, please
refer to: www.nikeworkers.com on the Internet

SOURCE NIKE
/CONTACT: Vada Manager of NIKE, 503-671-2875/
(NKE)



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To: Doug who wrote (1065)10/16/1997 8:27:00 AM
From: Wallace Rivers
   of 2383
 
My apologies, Doug...I was looking at the Leaps of '00, which obviously makes the deal less compelling. I would Buy first, then write (I am not allowed naked writing per my brokerage), or do it simultaneously. But, on the option side, I am likely to put in a limit order, because there is a large spread.

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