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Technology Stocks : Exide: Overbought or bargain?
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To: patrick w. carty who wrote (49)8/4/1997 6:49:00 PM
From: sunil khatri   of 125
 
Patrick,
What do you think about the recent earnings report?

I'm a little concerned about the drop of revenues and attributing this to drop in European currency. Assuming that 75% of the drop in revenues represents "the lower sales were principally a result of the precipitous decline of most European currencies...", my math says that Europe represents 280 million of current revenues -- I didn't realize that Europe represented 60% of revenues -- can you verify?

Here's the math:
drop in revenues: $66 million
drop attributable to currency (75% of total): $49.5 million
expected revenues from Europe assuming no currency drop (49.5mil/.15) assuming that average currency decreased by 15%: $330 million

Have you seen breakdown by continent of revenues for this quarter or past quarters?

On the plus side, I'm glad to see an improvement in the gross profit margins.
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