BUSINESSWEEK ONLINE : JULY 12, 1999 ISSUE: GLOBAL 1000
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THE BUSINESS WEEK GLOBAL 1000

ALPHABETICAL LIST OF COMPANIES
RANKED LIST OF 1000 COMPANIES
TOP 1000 BY COUNTRY
TOP 200 IN EMERGING MARKETS

GLOSSARY

MARKET VALUE Share price on May 31, 1999, multiplied by latest available number of shares outstanding, translated into U.S. dollars at May month-end exchange rates. Market value may include several classes of stock; price and yield data are based on the company's most widely held issue.
SHARE PRICE AND ANNUAL CHANGE Closing per-share price on May 31, 1999, in U.S. dollars. Annual percent change from May 29, 1998, to May 31, 1999, both in U.S. dollars and in each company's local currency.
PRICE/BOOK VALUE RATIO The ratio of May closing price to latest available net worth per share or common shareholders' equity investment.
PRICE/EARNINGS RATIO The ratio of May 31 closing price to latest 12-months' earnings per share.
YIELD Latest 12-months' dividends per share as a percent of May closing price.
SALES Net sales reported by company, translated at May 31 exchange rates; revenues for banks and other financial institutions are not included because they are not comparable to those of industrial companies.
PROFITS Latest aftertax earnings available to common shareholders, translated at May 31 currency exchange rates; profits are from companies' continuing operations before extraordinary or special items. Sales, profits, and assets are for 1998 fiscal year unless noted.
RETURN ON EQUITY Latest 12-months' earnings per share as percent of most recent book value per share.
Data for individual companies: Morgan Stanley Capital International Inc., unless otherwise indicated. For further information on MSCI data, contact Morgan Stanley Dean Witter at 212-762-5790 (New York) or 0171-425-6660 (London). Country composites and rankings calculated by Business Week. Additional data by Standard & Poor's Compustat, a division of The McGraw-Hill Companies if footnoted.
KEY TO INDUSTRY CODES Left-hand digit represents broad economic sector as defined by Morgan Stanley Capital International. Right-hand digit is industry classification code within each economic sector.
1. ENERGY
11. Energy sources
12. Utilities-electrical & gas
2. MATERIALS
21. Building materials & components
22. Chemicals
23. Forest products & paper
24. Metals-nonferrous
25. Metals-steel
26. Misc. materials & commodities
3. CAPITAL EQUIPMENT
31. Aerospace & military technology
32. Construction & housing
33. Data processing & reproduction
34. Electrical & electronics
35. Electronic components & instruments
36. Energy equipment & services
37. Industrial components
38. Machinery & engineering
4. CONSUMER GOODS
41. Appliances & household durables
42. Automobiles
43. Beverages & tobacco
44. Food & household products
45. Health & personal care
46. Recreation, other consumer goods
47. Textiles & apparel
5. SERVICES
51. Broadcasting & publishing
52. Business & public services
53. Leisure & tourism
54. Merchandising
55. Telecommunications
56. Transportation-airlines
57. Transportation-road & rail
58. Transportation-shipping
59. Wholesale & international trade
6. FINANCE
61. Banking
62. Financial services
63. Insurance
64. Real estate
7. OTHER
71. Multi-industry
81. Gold mines