The Daily Dow
Thursday, June 13, 1996
by Robert Sheard

LEXINGTON, Ky. (June 13): This week's Dow doldrums continue as the blue chips lost ground for the fourth consecutive day. One bright spot within the Foolish Four model portfolio, however, was Eastman Kodak's 1.9% gain.

The U.S. Trade Representative publicly confirmed Kodak's long-held contention that there are pervasive barriers to imports in the distribution and sale of photographic film and paper in Japan.

Kodak's CEO, George Fisher, was exuberant about the Government's findings: "The world's spotlight is now focused on the closed nature of the Japanese consumer photographic market," he said in response to today's announcement. "We are delighted with the outcome of the U.S. Government's year-long investigation. The issue is clear: Japanese barriers to market access must now be removed."

The determination calls upon Japan to come to the table to address U.S. concerns regarding its restrictive business practices, under a special bilateral procedure supervised by the World Trade Organization (WTO). In the determination, the U.S. Government also announced that it was beginning dispute resolution proceedings against Japan with regard to certain Japanese laws and measures under the formal procedures established by the WTO. In addition, certain specific information will be submitted to the Japan Fair Trade Commission (JFTC) for investigation.

For its part, Fuji Film believes it will be vindicated by the World Trade Organization. But for today, at least, investors saw the announcement as a small first victory for Kodak in the battle ahead.

Have a great evening, Fools.

Transmitted: 6/13/96

THE FOOLISH FOUR MODEL (6/13/96)  

           Day    Week   Quarter  Year  History
Fool-4   -0.13%   0.31%   5.32%  13.61%  13.61%
DJIA     -0.18%  -0.69%   1.27%  10.57%  10.57%
S&P 500  -0.17%  -0.80%   3.47%   8.44%   8.44%
NASDAQ   -0.79%  -0.34%  11.28%  16.49%  16.49%


Rec'd    #   Security  In At   Now   Change

1/2/96  148  E. Kodak  67.00  79.13  18.10%
1/2/96  380  Chevron   52.38  59.63  13.84%
1/2/96  142  DuPont    69.88  78.50  12.34%
1/2/96  149  3M        66.38  68.50   3.20%

Rec'd    #   Security       Cost       Value     Change

1/2/96  148  E. Kodak    $9,916.00  $11,710.50  $1,794.50      
1/2/96  380  Chevron    $19,902.50  $22,657.50  $2,755.00      
1/2/96  142  DuPont      $9,922.25  $11,147.00  $1,224.75      
1/2/96  149  3M          $9,889.88  $10,206.50    $316.63     

      CASH      $1,082.61        
      TOTAL    $56,804.11         



Transmitted: 6/13/96 

      
      

      
      

        

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