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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions
COGI 4.550+8.3%Jul 18 5:00 PM EST
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To: BM who wrote (446)7/23/1998 5:46:00 PM
From: Risky Business   of 843
 
BM, Cognicases' interest revenues on cash or temporary investments are predominately denominated in the United States dollars. As of the end 97' Cognicase had no plans to hedge the risks associated with the fluctuations in foreign exchange rates.

Cognicase stated that ONLY an INCREASE in the value of the Canadian dollar would have an adverse effect on the company's operating margins.

Hope this helps,

Risky
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