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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (226112)3/7/2003 9:09:27 AM
From: mishedlo  Read Replies (1) of 436258
 
Don't you think INTC MSFT PG etc have currencey hedges so there really is no gain or not as much on currency that you think.

Then again, if they are so damn good at currency plays why are they just doing that instead of making stupid chips.

I think there likely is some hedge on, but who knows how much and even if it is the right one. Haim expected a bounce in the US$ but it did not come. Perhaps they are losing on currency hedges.

I am so confused, do they have hedges or not?

M
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