European Stars and Stripes (Newspaper) - May 25, 1991, Darmstadt, Hesse                                Saturday May 25. 1991 the stars and stripes a a Page 19_ Money matters today a tip International business machines corp. Thursday introduced a Law Cost system that recognizes up to 7,000 spoken words. Ism said its new voice recognizing system will allow thousands of disabled people Many of whom Are now unable to Type on conventional keyboards to use computers. A although ism Voic Type is not the first speech recognition computer system its Cost of about $7,200 makes it the most affordable a breakthrough that could help it reach a Market far beyond the disabled for whom it was initially developed. Conversion rates London up fridays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $356.00 an ounce Silver at $4.07. May 24 1.7300 1.7120 1.7085 5.8585 5.8030 ,.1.9403 a 1.9260 35.54 a a a a 35.09 ,.1,282.80 1,271.10 1.4580 1.4540 188.77 .187.66 ,.4,022.60 4,01 Aioo 3.7499 3.7499 106.77 106.00 150.30 149.70 1.1495 1.1485 ,12.115 12.032 6.671 a 6.665 ,6.5875 a 6,5500 British Pound. German Mark. French franc i. Dutch Guilder. Belgian franc. Italian lira. Swiss franc ,.,greek drachma. Turkish lira. Saudi arabian Riyal. Spanish peseta. Portuguese escudo. Canadian Dollar. Austrian Schilling. Norwegian Krone. Danish Krone. May 23 ,1.7370 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.67 through monday based on fridays noontime Price fixing. New York Exchange new York up a York Stock Exchange Stock blockbuster ent Saatchi Saatchi Rwjr Nabisco hid Philip Morris general motors adv Micro docs Compaq computer computer Assoc Pepsico Intel Fonos de my Amer express ism corp Texas utilities Western co a Exxon corp the 15 most Active stocks in new composite trading on thursday. Sales 3,246.400 2.912.700 2.869.100 2,545,000 2.124.100 2,045,800 1.971.700 1,888,600 1,681,600 1,583,500 1,483,900 1,381,300 last 9 1 11 67 it 38 i 12% 36 % 9 31%. 27 23 a 104% 1.362.200 36% 1,294,100 10% 1.278.200 58% net chg. Up %. Unch up %. Up %. Up %. Oil % Oft % up %. Oft %. Oft % a Oft % unch Oft % up a a Oft % a american Exchange new York american Stock Stock Ivan corp fruit of loom first Aust Purri Lionel corp Hasbro inc metro Mobile b Tel amp data sys Western digital pall corp Bat industries up a the 10 most Active stocks in Exchange composite trading thursday sales last net chg. 783,200 19% up % 556,200 14% unch 467,600 9 �4 Oft 427,200 1 up 1-16 370,800 28% unch 366,000 14%. Up % 309 000 32% off % 291,200 4% unch 262,900 35% up % 245,800 11 % unch Dow Jones new York up thursday a 30 industrials 20 transport 15 utilities. 65 stocks Dow Jones closing Range of averages High 2935.38 1155.68 211 58 1047.97 Low 2881 04 1135 58 208.12 1029.24 close 290004 114845 20907 1037.10 change Oft 10 29 up 9.70 of 1 82 0110.91 . Defense firms relying More on overseas Market by Barbara Starr and John Boatman Jane a defence weekly Many . Defense contractors arc seeking International solutions to the problem of declining arms orders from the Pentagon. A i would like to see the United states have a Strong enough Industrial base not to have to rely on foreign sales but that Isnit the Case a says former . Undersecretary of defense Jacques Gansler now a defense analyst with the Virginia based analytic science corp of some 140,000 . Companies filling arms orders for the department of defense in the Early 1980s, Only about 40,000 remain after sales mergers and decisions to quit defense work. And for those companies left the pot of Gold is the Export Market. The pairing of British aerospace with Raythelon co. Of Lexington mass. Is  a a a a a a the two companies will jointly compete fora contract with Britain a ministry of defense to Supply Patriot missiles a Deal Raythelon alone would not be As advantageously positioned to land. Taking on foreign subsidiaries forming joint ventures with strategically placed european companies co producing arms and teaming on bids with established overseas companies Are All ways the . Firms Are trying to keep a foot in the door. A a a a. A a a a a a a a a. A a a a in some cases major firms Are pursuing smaller projects on the International Market. For example the Dallas based Ltd corp., which plans to sell its combat plane division in operation since shortly after world War i recently took on a $20 million contract to upgrade 15 norwegian air Force f-5s. Other . Weapons companies Are securing orders by heeding customer demands for a piece of the action. For example in general dynamics  recent $5.2 billion Sale of 120 f-16 fighters to South Korea Only 12 of the planes will be made at the company a fort Worth Texas Plant. The rest will be manufactured at South koreans conglomerate Samsung co., assembled from kits with general dynamics providing general management and production advice. Such technology transfers Are controversial. In fact a congressional office of technology assessment study released in May warned against collaborative pro ejects. A a the United states could end up with a defense Industrial Structure inadequate for defense of the nation a according to the report. The study adds that joint projects with european or japanese companies could undermine the . Commitment to maintaining global superiority in weapons technology and in the Long run take business away from . Defense firms. In the general dynamics Sale for in stance providing South Korea with tools kits and manpower to develop its own f-16s could help South Korea nurture an aerospace Industry that would compete with the United states. However most of the top asian clients for . Weaponry a especially Japan Taiwan and South Korea a have insisted . Defense contractors overseas sales Here is a list of some . Defense contractors and the weapons they Are exporting Raythelon and British aerospace Patriot missile to great Britain planned Ltd group upgrade 15 norwegian f-5s i i general dynamics 120 f-16 fighters to South Korea "vxv,xsv\s\\\vxs\<\v.-. A .vw7 a tvs Quot a Rockwell submarine combat systems to Australia r Sikorsky aircraft s-70b sea Hawks to Spain on co production and even co development arrangements rather than outright purchases. The Pentagon sensitive to criticism that the United states could become an agent of arms proliferation around the world has not endorsed increased exports As a Way to keep . Company production lines going. A i would never be in a position of advocating arms sales strictly for the Sake of trying to generate business Here at Home a defense Secretary Dick Cheney said recently. Nevertheless . Firms Are looking to increasingly innovative global strategies. A to be successful in a global sense a says Rockwell defense electronics John Vaswani a competing successfully against our International competitors we must have a strategy beyond just Export. When you Are talking about markets in excess of $500 billion combined with an Industry shakeout you have opportunities for  but in bidding against major european producers despite the shining reputation of . High tech systems the . Com panics done to always win. For example Sikorsky aircraft reports Europe is already closing ranks against . Competition. Sikorsky a Only european contract As of mid May is for s-7ub sea Hawks to Spain. Its biggest Prospect is a bid to sell 200 Utility helicopters in a co production Deal with Turkey. Despite Bush administration Aims to limit arms sales to the third world some a amps Wes of Thor . Firms View Middle East bound exports As a salvation. Mcdonnell Douglas hit hard by cancellation of the . Navy a-12 Avenger bomber in december and loss of the air Force advanced tactical fighter Competition wants to Export More f-i5s and f/a-18 fighters perhaps to saudi Arabia and Israel. Other orders from the Middle East could include sales of Apache helicopters to Bahrain As Well As sales of Bradley fighting vehicles m1a1 tanks and High mobility multipurpose wheeled vehicles to the United Arab emirates. These kinds of requests will probably Start being submitted for congressional approval later this year. Questions arc now being raised in Congress about controls on exports of dual use technology a for defense and commercial purposes a to nations that use it for unapproved military projects. There Are also discussions on. Possible legislation to prohibit . Technology transfers of systems for unconventional  defense Industry executives argue that for the government to Block the Sale of .-made arms to foreign nations will have no effect on their ability to buy the weapons. A Overall there Are questions of . Release policy on technology a says David m. Snyder vice president of marketing and International sales for the Hughes corp. T a the fact is if they can to buy it from the United states they will buy it someplace