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Technology Stocks : Stratex Networks, Inc. (STXN)
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To: Rob Preuss who wrote (1073)9/14/2000 6:17:59 PM
From: Czechsinthemail  Read Replies (1) of 1762
 
Rob,

Thanks for the Dan Spalding follow-up. As far as currency exchange issues go, here is what I could find out. Approximately 35% of STXN's sales are to Europe. The company doesn't have large European competition, so the major impact would either be slowing demand because of higher cost (I doubt it) or currency exchange losses as euro-based sales are translated into dollars (possible).

If all of the company's business is dollar-denominated or if the company hedges euro-denominated sales, there will be no currency exchange issue. In any case, it's hard to imagine that even the worst case scenario would warrant a 13% drop in market cap.

Looks like another opportunity for bargain hunting. I picked up a bunch. It has moved up from the close in after-hours trading.
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