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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: abstract who wrote (5818)	10/5/2000 9:55:57 PM
From: RR	Respond to of 65232

Hi Paul: Thanks JDSU revenue sources info. Interesting stat on Europe. RR <eom>

To: abstract who wrote (5818)	10/5/2000 11:30:15 PM
From: Jim Willie CB	Respond to of 65232

the Euro will reduce earnings from European operations by about 5% I base that on a decline of the Euro currency from upper 80's to lower 80's this summer the time delay between setting up inventory and delivering product leaves the producing company vulnerable to currency shifts but keep in mind that JDSU has many European plants so production would be costed against local currency except for imported components and raw materials the Irish and Scottish plants are not tied to the Euro correct me if wrong, but I think plants operate in these countries note also, Ireland grants tax breaks, which offset currency negatives also, finally, I doubt JDSU hedges much on currency shifts if they do, they are real enLIGHTened enchiladas points made above apply to any producer with foreign mfg plants / jimmy cornbread