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Ceragon Networks Ltd. (CRNT) Message Board

  • cohsgrad cohsgrad Jan 27, 2014 12:09 PM Flag

    Argentina

    Might as well acknowledge that Argentina devaluation will have an impact on CRNT. How much is hard to say but I'll bet it is $2 - $4 million range in 1st quarter. Fourth quarter probably will be in the normal range. Venezuela too but that should be fairly small.

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    • How bad is it? I certainly underestimated the impact. $130 million in receivables at December 2013 and well over 50% is attributable to South America. What portion is Argentina and Venezuela?

      What was the $3.3 million cost to getting the cash out of Argentina? Will it recur?

      How did they realize a $3.1 million cost for Venezuela in the December quarter when the currency (at least officially) did not devalue until 2014?

 
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