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Volume 24 No. 116


          Nike yesterday reported a net income for the 2Q ended     November 30 of $141M, or $.48/share, compared to $176.9M, or     $.60/share a year ago.  Revenues increased 7% to $2.26B from     $2.11B last year.  In the U.S., athletic footwear revenues     declined 3% to $787.6M, compared to $814.9M (Nike).            REAX: Nike said that "a world-wide slowdown in demand     for its footwear and apparel, especially in Asia, broke its     three-year streak of earnings gains," driving down its     earnings by 20% "and promising to depress revenue and     earnings for the next two quarters," according to Bill     Richards of the WALL STREET JOURNAL.  Analysts had projected     that Nike would report earnings of $.55/share.  Nike also     said that worldwide future orders, set for delivery between     December and April, fell 1% to $4.2B world-wide.  Nike said     the slowdown was due to a mix of order cancellations in the     U.S. and Asia, inflated inventories and "problems" in the     Asian markets (WALL STREET JOURNAL, 12/19).