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Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (8157)	5/19/2010 2:17:17 AM
From: Jacob Snyder	Read Replies (1) \| Respond to of 16955

It's not OT, if it can change STP's earnings from +0.90 to -0.07. Maybe this is why FSLR doesn't take as big a hit: May 19 (Bloomberg) -- Asian currencies fell, led by South Korea’s won and Malaysia’s ringgit, after Germany banned some speculative bets against European government bonds and financial stocks, fanning concern a euro-area debt crisis will worsen. bloomberg.com Since FSLR's manufacturing is all in Malaysia, I presume many of their costs are in the local currency. if the Ringgit falls, then FSLR has falling costs to balance falling revenues (in dollar terms). I'm not at all sure this reasoning is correct. The Chinese Yuan is fixed at 6.83/dollar, and is likely to be revalued upward sometime this year. And the Chinese solar companies haven't been very clever about currency hedges in the past. We need a global currency, or a return to the gold standard. Or something.