Nike competes with Sketchers, Adidas AG, Steven Madden and K-Swiss in the global footwear market.

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Analysts expect K-Swiss' full-year earnings for 2003 to grow 51% from 2002, while the company trades at a price-to-earnings ratio of 23.

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On the long side, gurus where huge net buyers of K-Swiss (nasdaq: KSWS - news - people ), the Westlake, Calif.

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P2i already has deals with shoe-makers K-Swiss, Nike and Adidas.

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