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WDC » Topics » Fluctuations in currency exchange rates as a result of our international operations may negatively affect our operating results.These excerpts taken from the WDC 10-K filed Aug 20, 2008. Fluctuations
in currency exchange rates as a result of our international
operations may negatively affect our operating
results.
Because we manufacture our products abroad, our operating costs
are subject to fluctuations in foreign currency exchange rates.
Further fluctuations in the exchange rate of the Thai Baht and
of the Malaysian Ringgit may negatively impact our operating
results.
The Thai Baht is a free floating currency while the Malaysian
Ringgit exchange rate policy is one of a managed float. We have
attempted to manage the impact of foreign currency exchange rate
changes by, among other things, entering into short-term,
forward contracts. However, these contracts do not cover our
full exposure and can be canceled by the issuer if currency
controls are put in place. Currently, we hedge the Thai Baht,
Malaysian Ringgit, Euro and British Pound Sterling with forward
contracts.
If the U.S. dollar exhibits sustained weakness against most
foreign currencies, the U.S. dollar equivalents of unhedged
manufacturing costs could increase because a significant portion
of our production costs are foreign-currency denominated.
Conversely, there would not be an offsetting impact to revenues
since revenues are substantially U.S. dollar denominated.
Table of Contents
Fluctuations in currency exchange rates as a result of our international operations may negatively affect our operating results. Because we manufacture our products abroad, our operating costs are subject to fluctuations in foreign currency exchange rates. Further fluctuations in the exchange rate of the Thai Baht and of the Malaysian Ringgit may negatively impact our operating results. The Thai Baht is a free floating currency while the Malaysian Ringgit exchange rate policy is one of a managed float. We have attempted to manage the impact of foreign currency exchange rate changes by, among other things, entering into short-term, forward contracts. However, these contracts do not cover our full exposure and can be canceled by the issuer if currency controls are put in place. Currently, we hedge the Thai Baht, Malaysian Ringgit, Euro and British Pound Sterling with forward contracts. If the U.S. dollar exhibits sustained weakness against most foreign currencies, the U.S. dollar equivalents of unhedged manufacturing costs could increase because a significant portion of our production costs are foreign-currency denominated. Conversely, there would not be an offsetting impact to revenues since revenues are substantially U.S. dollar denominated.
Table of ContentsThis excerpt taken from the WDC 10-K filed Aug 28, 2007. Fluctuations
in currency exchange rates as a result of our international
operations may negatively affect our operating
results.
Because we manufacture our products abroad, our operating costs
are subject to fluctuations in foreign currency exchange rates.
Further fluctuations in the exchange rate of the Thai Baht and
of the Malaysian Ringgit may negatively impact our operating
results.
Table of Contents
The Thai Baht is a free floating currency while the Malaysian
Ringgit exchange rate policy is one of a managed float. We have
attempted to manage the impact of foreign currency exchange rate
changes by, among other things, entering into short-term,
forward contracts. However, these contracts do not cover our
full exposure and can be canceled by the issuer if currency
controls are put in place. Currently, we hedge the Thai Baht,
Malaysian Ringgit, Euro and British Pound Sterling with forward
contracts.
If the U.S. dollar exhibits sustained weakness against most
foreign currencies, the U.S. dollar equivalents of unhedged
manufacturing costs could increase because a significant portion
of our production costs are foreign-currency denominated.
Conversely, there would not be an offsetting impact to revenues
since revenues are substantially U.S. dollar denominated.
This excerpt taken from the WDC 10-K filed Nov 20, 2006. Fluctuations
in currency exchange rates as a result of our international
operations may negatively affect our operating
results.
Because we manufacture our products abroad, our operating costs
are subject to fluctuations in foreign currency exchange rates.
Further fluctuations in the exchange rate of the Thai Baht and
of the Malaysian Ringgit may negatively impact our operating
results.
Table of Contents
The Thai Baht is a free floating currency while the Malaysian
Ringgit exchange rate policy recently defined by the Malaysian
government is one of a managed float. We have attempted to
manage the impact of foreign currency exchange rate changes by,
among other things, entering into short-term, forward contracts.
However, these contracts do not cover our full exposure and can
be canceled by the issuer if currency controls are put in place.
Currently, we hedge the Thai Baht, Euro and British Pound
Sterling with forward contracts.
If the U.S. dollar exhibits sustained weakness against most
foreign currencies, the U.S. dollar equivalents of unhedged
manufacturing costs could increase because a significant portion
of our production costs are foreign-currency denominated.
Conversely, there would not be an offsetting impact to revenues
since revenues are substantially U.S. dollar denominated.
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