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Technology Stocks : RF Micro Devices (RFMD)

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To: Gmoney who wrote (3538)10/6/2000 11:56:36 AM
From: pagejack  Read Replies (1) of 4849
 
I sure hope that the following is a misquote

"The report goes on to note that the company has no exposure to the weak euro/strong dollar currency problem since all contracts are denominated in euros."

If the contracts are denominated in euros, then the decline in the value of the euro would cause a decline in the dollar value of the contracts. I am sure that the anticipated earnings that are being quoted are valued in US dollars and cents.

The decline in the euro would have no impact on earnings if the contracts were denominated in dollars.

No position, but looking to establish one soon.
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