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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (9257)	2/1/1998 5:17:00 AM
From: Ben Beale	Read Replies (2) \| Respond to of 13925

Doug, I strongly think you're right about Asia and the pundits. I'm no economist, but I know there are more than a few mulinationals out there that can figure out that currency fluctuations have made Asian products more competitive. CREAF is an example. I would not be surprised to see companies that report earnings in U.S. dollars (or in local currancies that can't be broken by speculators, like HK$) hustling right now to get orders, denominated in local currencies that have been hard hit (ie: Korea, Singapor) on contract. Then they'll hedge those contracts in the foreign currency futures markets. Building on your comments, if you're correct, I would expect to see Dell, Compaq, Gateway, and maybe IBM) locking in future year's orders at today's bargain basement prices. For CREAF, that would mean substantial new long-term deals; good for earnings forecasts, good for our stock price. I think you're also right again that medium-term (4-12 months out), thoese currencies will have appreciated against the dollar. I think others may think so too: look at what Treasuries have been doing the last several days. I would appreciate another post as you see things develping. I'll try to do the same. r/s Ben