Joseph,
<< Anyone worried that 30% of their business comes from Europe? >>
Not me... In fact, longterm it's great if they can sell their products globally. Of course, this makes them subject to exchange rate fluctuations. These sometimes will work in their favour, and sometimes they will hurt them. Currently with the USD strong on a global basis, it's rather hurting. But I don't think this hurts their unit volume shipped.
It may also be that they write all their invoices in USD, in which case all this becomes a non-issue, IMO. But this should be verified with RATL IR dept. as I just don't know what their invoicing policy is.
As to the business climate and possibly slowing sales for RATL here in Europe, I fully agree with Randy's post #3054 (as always, it seems :-): Broadly speaking, Europe indeed is in an economic upcycle now, and as far as I can tell, we still lag behind the U.S. in terms of technology deployment and embracement, e-commerce implementations and internet usage in general, etc. So from this POV, Europe should be a good place to do business for U.S. tech companies these days, be that RATL or others.
Let us also not forget that probably the Asian-Pacific countries ex-Japan offer the biggest market opportunities. I think there is big demand there to be served over the next 5 years and more.
greetings,
Thomas |
