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Tech Giants Facing Dollar Daze
Posted on August 26, 2008
Technology bellwethers with a big chunk of their businesses overseas have benefited from a weak dollar compared to other currencies, but the gravy train may be coming to a stop. A weak dollar has helped technology giants such as Google, Amazon, eBay, IBM, HP and others even as the U.S. economy slows. Here s how it works: These companies with significant international operations collect revenue in other currencies such as the euro and then convert earnings into dollars. Voila. Your growth rate looks much better. Conversely, a weak dollar acts as a headwind for a company based abroad like SAP....
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