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November 17, 1993

FRENCH INTEREST RATES HIT

By CBR Staff Writer

Evidence mounts of the grinding damage being done by inappropriate interest rates in France, but still the government refuses the kindest cut of all: yesterday, Compagnie des Machines Bull SA reported turnover for the first nine months of the year down 8.7% at $3,107m; Cap Gemini Sogeti SA sales were down 6.0% at $1,388m; and Thomson-CSF SA saw nine-month sales slip 3.1% at $3,609m – three different sectors, hardware, software, defence electronics, same story.

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