We also bought Sony, a major beneficiary of currency depreciation. Describe how Sony benefits from the currency crisis. They sell consumer electronics, so they became more competitive globally with the depreciation of the yen. In general they have had a net benefit. Technology companies usually are not highly geared, since they are capitalized more through equity than debt and usually have very little foreign debt.
Technology is a global industry.
Their demand profile has not been impacted that much. That is a negative for the DRAM-makers and component manufacturers. That may affect many Asian companies. But my personal belief is that cheaper computers in the long term will not change demand. Intel warned first-quarter results would be disappointing because Asian demand is down.