partnersman, evercore chairman and founder, on jimmy lee. christopher wolfe is back with me now. want to talk about one of the stocks in the after hours, and that is oracle. why the issue seemed to be foreign exchange, it slipped about 9% off earnings. the company saying results were impacted by the strengthening of the u.s. dollar. how much is this going to continue to be a drag for companies? what i think is important about technology companies like oracle and others reporting earnings and sales numbers, broadly speaking, they are sensitive to the currency movements. we talk about that global vision of investing, oracle is a good case around that. our senses that hedging is a andicult exercise ultimately companies have other tools to be able to manage their currency exposure. part of it should be regarded as transitory. for an investor, the bigger message about technology is you have to pay attention more to the currency hits and the opportunity to add or reduce. in the past you did not have to consider it as much. alix: what is moving tech right now? cyclical recovery being dr