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Bitmap Image  |  1996-10-31  |  206KB  |  615x332  |  4-bit (11 colors)
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OCR: through international sales are denominated in U.S dollars but the expenses are denominated in the local currency in the countries which the Company has offices As a result the Company's operating results are subject to fluctuations in foreign currency exchange rates This impact to date has been immaterial and the Company has not had to engage ir hedging activities protect from foreign currency fluctuations