SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Sam Scrutchins who wrote (8274)2/7/1998 8:59:00 PM
From: Matt Webster  Respond to of 213177
 
Sam, yes, that is how these things should be understood. The more charitable alternative is that the Treasurer was lazy and didn't hedge at precisely the time the deal was signed. That shouldn't happen more than once either. Either way, we don't want to own companies with lazy treasurers or who trade currencies instead of doing their core business.