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Foreign Currency Effects

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Foreign Currency Effects
The extent to which the changes in a foreign currency affects the return on a foreign investment.

Notes:
Foreign investments are complicated by the currency fluctuation and conversion between countries. A high quality investment in another country may prove worthless because of a weak currency.



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Gross margin for the quarter increased by $10 million over the first quarter of 2005 despite unfavorable foreign currency effects of $9 million.
Foreign currency effects did not have a material impact on full year revenue.
 
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