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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (84731)9/14/2000 3:50:41 PM
From: Salah Mohamed  Read Replies (1) of 97611
 
El ... About Currency Impact

>>>McDonald's and IBM's bottom lines to be negatively impacted by currency exchange. Will CPQ have the same problem?<<<

It is a difficult question and I don't have a definite answer. IMO, one would think that they factored in the currency impact when they projected 10.8B and 29 cents for Q3 considering that the currency effect on Q2 results was known at the time. Here is the impact on Q2 results according to MC:

Revenue was up about 8 percent, but that was in effect partially due to the softness in the currency, 11 percent in constant currency.
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