Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 148.32

-3.3%

Nov 14 9:30 AM EST

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To: goldsnow who wrote (7491)	1/6/1999 7:39:00 PM
From: Ramsey Su	Read Replies (2) of 10921

goldsnow, I don't have time to dig up old material. The bloomberg article is not remotely close to reality. Last qtr/yr when the yen was over 140 to the US$, companies like Canon, Toyota, NEC all reported a huge chunk of their earnings were attributable to the exchange rate. The dollar is commanding around 112 yen today, almost 30% off its peak. The Japanese multi-nationals are going to be killed this quarter, just on the exchange alone. For trading with US and to a lesser extent, Europe, business has to have improved 30% just to keep pace with the weakened dollar. Ramsey

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