Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (8211)	3/6/1999 9:47:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

Re: SEG and FX Losses "Got it?" Lawrence, Almost. But not quite. I'm finding the your figure of FX contract losses around $212 million quite interesting. Also knowing Stitch knows SEG in significantly greater detail than I do, the FX losses must be hard to dig out of the published financials. If I have your dates right, the bottom line is, their annual net income is significantly better than it appeared during fiscal year 6/98. They show net income from total operations to be negative $530 million. You are saying an estimated $250 million, of their loss, is from FX trading losses during that particular fiscal year? Thanks, MikeM(From Florida)