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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Brian Lempel who wrote (6193)	12/11/1997 8:53:00 PM
From: Brian Lempel	Read Replies (1) \| Respond to of 152472

Here is QCOM's response to my question. Could have been a lot clearer, so help me decipher it. To me, it looks like they are protected for the most part... Brian - Our product sales into Korea are denominated in USD. Our royalties from Korean manufacturers are based on won but paid in USD. We have a mixture of exposures. The won is considered an exotic currency that is difficult and expensive to hedge. If you would like to know more, please send me your phone number. >Date: Thu, 11 Dec 1997 17:34:09 -0800 >From: Lempel <lempel@n-jcenter.com> >Reply-To: lempel@n-jcenter.com >To: www-ir >Subject: Currency Hedging > >In light of the severe problems in Asian currencies, I am trying to >find out QCOM's exposure. Do you engage in currency hedging >(especially in Korea), and to what extent are you protected? > >Thanks, > >Brian Lempel Comments would be appreciated. Brian