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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST
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To: friverola who wrote ()1/1/2001 6:18:53 PM
From: Ibexx  Read Replies (1) of 99985
 
Euro's recovery should go a long way in helping US's high tech companies with international exposure, and a majority of them do, especially the tech generals.

INTC's CFO, in his previous two conference calls, cited European weakness, as well as the weak currency conversion factor, to be the main reason of its eps shortfalls and reduced revenue forecast.

I don't think the current eps estimates have factored in this positive surprise - not yet.

Ibexx
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