10 unchanged sentences
Currency Risk
−Removed: have wholly-owned subsidiaries in Hong Kong, China, the United Kingdom, Germany, France, the Netherlands, Italy, Canada and Mexico.
−Removed: are generally made by these operations on FOB China or Hong Kong terms and are denominated in U.S.
−Removed: However, purchases of inventory
−Removed: and Hong Kong operating expenses are typically denominated in Hong Kong dollars and local operating expenses in the United Kingdom, Germany,
−Removed: France, the Netherlands, Italy, Canada, Mexico and China are denominated in local currency, thereby creating exposure to changes in exchange
+Added: have wholly-owned subsidiaries in Hong Kong, China, the United Kingdom, Germany, France, the Netherlands, Italy, Canada, Mexico and Chile.
+Added: Sales are generally made by these operations on FOB China or Hong Kong terms and are denominated in U.S.
+Added: However, purchases
+Added: of inventory and Hong Kong operating expenses are typically denominated in Hong Kong dollars and local operating expenses in the United
+Added: Kingdom, Germany, France, the Netherlands, Italy, Canada, Mexico, Chile and China are denominated in local currency, thereby creating
+Added: exposure to changes in exchange rates.
Changes in the U.S.
dollar exchange rates may positively or negatively affect our results of operations.
−Removed: We do not believe that
−Removed: near-term changes in these exchange rates, if any, will result in a material effect on our future earnings, fair values or cash flows.
+Added: We do not believe that near-term changes in these exchange rates, if any, will result in a material effect on our future earnings, fair
+Added: values or cash flows.
Therefore, we have chosen not to enter into foreign currency hedging transactions.
−Removed: We cannot assure you that this approach will be successful,
−Removed: especially in the event of a significant and sudden change in the value of these foreign currencies.
+Added: We cannot assure you that this
+Added: approach will be successful, especially in the event of a significant and sudden change in the value of these foreign currencies.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.