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Technology Stocks : C-Cube
CUBE 39.61+1.2%Jan 16 9:30 AM EST
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To: William T. Katz who wrote (24262)10/23/1997 11:43:00 AM
From: Kelvin C.P. Wang  Read Replies (1) of 50808
 
The primary market for VCP chips is in China. The exchange rate between US $ and Chinese currency is stable and controlled by the Chinese govenment. It will be impossible to change the rate as no one can attack the Chinese currency. The Chinese government can only devalue the yen in the future.

Therefore, no currency crisis for CUBE.

However, TAIWAN currency is devalued, which helps CUBE as VCD chips are made there.

Overall, the situation is favorable to CUBE.

KW
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