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Technology Stocks : Exide: Overbought or bargain?
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To: Bob Frey who wrote (57)8/10/1997 9:12:00 AM
From: Doug Coughlan   of 125
 
Bob, I read an article that companies that do business in foreign countries do not necessarily convert all of the foreign currency back into US currency. The reason is that the profits that they make are kept in that country and used within the business there. Perhaps Exide does this to some extent. Is the 10% currency charge that you mention accurate or a guess? It would seem like a large amount for a major corporations bank to charge them.
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