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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Jeffrey S. Mitchell who wrote (8582)12/29/1997 8:53:00 PM
From: P. Ramamoorthy  Read Replies (1) of 13949
 
Jeff - With devaluation, Rs 40 /1 US $, it will take fewere dollars to pay for Indian body shop salaries, not more. Therefore, IMRS, CBSL, and SYNT margins should go up, not down. Devaluation is a consequence of the Asian financial crisis - Malaysia, Thailand, Korea, Japan, etc. (PRC China is an exception. They may or may not devalue their currency!!! Its a different system there.) May be its a good time for a cheap vacation in Asia with your y2k profits. Ram
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