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Technology Stocks : Orbital Engine (OE) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Howarth who wrote (1718)	6/10/1998 10:06:00 AM
From: Maverick	Read Replies (1) \| Respond to of 4908

If those numbers are right, the Australian dollar is indeed the problem. Why is the Australian dollar getting killed? Are they just too close to the real "banana republics"? Again, we're out of my area.

To: Bob Howarth who wrote (1718)	6/17/1998 9:51:00 AM
From: PIERRE HANDL	Respond to of 4908

Talked to Ms. Roberta Saling. My question to her was: How are the license agreements structured regarding royalties? Are they denominated in Australian dollars or US dollars? Her answer was that all royalty payments are in US dollars. Again, this shows management's ability to negotiate their future income stream using the world's strongest currency. When the market starts discounting the future income from OE, the price of the stock will be supported by the value of the dollar, not the Australian dollar. Since the US dollar has been the world's currency this was a smart business decision.