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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The transaction will be completed this month, but Swiss Re's U.K. operations will stay in the building as a tenant until 2031, holding 50% of the office space.

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Meanwhile, February exports were substantially higher at 17, 161 kilograms, of which 16, 017 headed to the U.K. Commerzbank and Standard Bank both reported that Swiss exports were the highest in more than four years.

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The index measures the dollar against a basket of other major currencies, including the euro, yen, U.K. pound, Australian dollar, Canadian dollar, Swiss franc and Swedish krona.

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