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Technology Stocks : Osicom(FIBR)
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To: Valueman who wrote (4992)1/29/1998
From: David Pawlak  Read Replies (1) of 10479
 
The Asian Crisis is hurting all the capital intensive industries pretty hard over there, particularly those who access US funds to borrow debt. Basically, the Baht has gone from ~25 to ~55 per dollar, which makes repaying those US debts off more than 2 times as expensive (unless they have hedged their currency exposure). It's going to be very interesting to see how this all shakes out. Many business over there will go under.

It wouldn't surprise me 1 bit if the launch was delayed again and even if it did go up in April, I wouldn't expect it to contribute any more than $2 million in revenues this year.
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