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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (33103)	9/30/1998 11:57:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

MMV, On the statement in parenthesis. Duh! I'd already guessed that, Dude. -g- Beware. I saw a new use for Xerox copiers on t.v. last night. Some guy shoved his secretary's head into the copy machine and broke her neck, essentially copying her to death on "Vengeance Unlimited." -g- However, it did look somewhat inefficient and left behind a ream of evidence. The statement simply means that Xerox tries to hedge all interest rate and currency risk out of their foreign revenues and non-US loans. That is great for money you are getting today and current receivables, but it does not reduce your exposure on future sales. The bit about functional currency had me scratching my head a bit. I think they mean that if they borrow money in a foreign currency and have revenues set aside to pay that loan in that currency, then they don't hedge it. I think. MB (non-functional)