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EMC Corporation Message Board

  • runsumfun runsumfun Jun 22, 2001 8:43 AM Flag

    Well saw the CEO on CNNFN and he stated

    Well saw the CEO on CNNFN and he stated, in a row boat all row together. If a leak springs up the leak must be plugged. If members or a member of the boat does not plug the leak he's thrown out of the boat. Point being, EMC's employees work as a team and if there's a leak they better fix it or else.

    EMC uses derivatives to hedge foreign currency cash flows on a continuing
    basis consistent with its net asset and forecasted revenue and expense

    EMC hedges its net asset position with forward exchange contracts.

    EMC uses foreign currency forward and option contracts to hedge a portion of
    its forecasted transactions.

    EMC's management makes financial decisions and allocates resources based on
    revenues and gross profit achieved at the segment level.

    OK! lets row together! & plug that leak will ya!

    * 10Q- 3/0

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