Depends on what you're counting, as some people include India. If you include India, that number is still high, but you're closer. Consider it in these terms. Between the US and Europe, you've accounted for more than 50% of the world's GDP. The US is roughly 25% of the world GDP. Japan is 1/3 the size of the US (7-8% of total). That doesn't leave a lot of room for the other guys.
For Asia to be 30% would be pretty tough.
At any rate, ORCL dealt with the Asia problem last Oct/Nov. How come they were able to back then, and everyone else is doing it now? Seems to me alot of companies are using it as an excuse for being overly optimistic. I actually saw one company(I won't name it because I already got into a flame war with an idiot who believed the company's PR), with only a 5% exposure in Asia, claim that the major portion of a 7% drop in earnings was due to Asian problems. Seems a bit of a stretch.
Sure, Asia hurts a little. Like 2%. But it isn't a waterfall (or even a butterfly) effect. Asia is a short term worry wart's current excuse to cry wolf.
I never saw a 2% falloff drive anyone to the poor house. Unless they were expecting a 15% increase. But anyone who believed that a 15% increase that was to go on indefinitely deserves to be in the poor house.
Look, anyone who stays abreast of the markets and economies of Asia saw this coming. Japan has been in the dumps for years, so they don't count. After that, the losers are chumps and morons. People who took their eye off the ball. Seems like they are always the losers.
As far as this pertains to ORCL...it doesn't anymore. Their exposure is already accounted for. Look for more growth from them and watch the markets rally once people realize the press has scared markets into thinking there's a real problem (hey, the press is always inventing the next good story...like the current one about how the Clinton thing is actually about sex).
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