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To: Meathead who wrote (161870)	10/9/2000 8:07:05 AM
From: edamo	Respond to of 176387

meathead re: "euro to blame" the value of the euro is based on a fixed individual conversion value to local currency.this conversion value differs from country to country. most usa manufacturers sell in either euro or local currency, dependent on the customers wishes. any company with international sales of any consequence hedges contracts by the purchase of a futures contract which locks in the conversion at time of order. the transaction can't lose at that point, but can gain. all this to say.....a euro member with a strong currency, gets more euros on conversion then a member with a weak currency.... any impact should be on weak sales, not currency problem. euro actually got hit more last year, percentage wise then last quarter...