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Technology Stocks : Dell Technologies Inc.
DELL 120.49+0.7%3:59 PM EST
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To: Sabrejet who wrote (83468)12/3/1998 9:27:00 AM
From: BGR  Read Replies (1) of 176387
 
seczebra,

First, remember that many U.S. companies - including most of the larger ones - are multinationals. They often set up and finance their operations in Europe (now costs will be lower) and always sell products in Europe (now more buying power for their European consumers) just as they do in the U.S. - so what is global is local too. Next, this will (hopefully) mean that Europe will start absorbing a larger section of the flood of cheap imports from S.E. Asia and S. America thus improving the profit margins for domestic U.S. companies which compete in those sectors. However, this also strengthens the dollar against the European currencies/Euro, thus implying a drop in U.S. exports to Europe. But I feel that the two positives will more than make up for the negative.

-Apratim.
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