Forward thinkers seek Asian bargains

David Knott London Although Asia's economic doldrums have not lifted, two companies have opened their checkbooks and are seeking investment opportunities. The first bargain hunter in line was Conoco Inc., which intends to boost its presence through an investment of $2 billion in the Asia-Pacific region over the next 5 years. The firm's global sales amounted to $23 billion last year, of which 1% came from Asia. Within 5 years, Conoco aims to earn 5% of its revenues from Asian countries. On a visit to Bangkok, Conoco CEO Archie Dunham said, "We are currently on track to double the company's value by 2003 to $30 billion, rela...

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