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To: Lee Penick who wrote (41778)12/8/1997 10:53:00 PM
From: Paul Fiondella  Read Replies (3) | Respond to of 186894
 
You notice the part about the ratio of $ earnings to foriegn currency

And especially the part about flat revenue. SO Oracle sold more products in the domestic currencies of the countries in Asia it does business in than in $$$$ by a ratio of 15 to 1.

It is then stuck with "profits" denominated in depreciating currencies and loses $.10 a share in revenue as a result (of currency transactions).

You think Intel is immune to this!!!!