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Technology Stocks : Intel Corporation (INTC)
INTC 48.76+10.9%Jan 28 3:59 PM EST

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To: chuckie who wrote (7922)1/12/1997 1:14:00 PM
From: Muthusamy SELVARAJU   of 186894
 
Does anyone have knowledge on the currency exposure profile of Intc?
The US $ has appreciated some 15-25% vs most European currencies and the Japanese yen, which I fear could be a negative for Intc. In fact, the Irish punt, Malaysian Ringgit have both been pretty strong recently vs their counterpart European or Asian currencies, so I wonder if this could be a slight drag on Intc's revenue growth.

I've gone through their Annual Report of last year, and they do have hedging mechanisms (forex contracts, options, swaps) but for the size of the company, I thought the values actually hedged were quite small.

Any comments from anybody?

Regards,

p.s. This is definitely my number one worry re: Msft's earnings this quarter and the next few quarters....
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