Dollar's up, and that's bad for US Internet companies

Strong international revenue buoyed by a weakened dollar may drift downward as the US economy finds its currency slowly making a resurgence.
One would think American companies might have some patriotic cheer for a strengthening dollar. But the global nature of Internet business for firms like Google and Amazon.com means strength at home means weakness abroad.

ZDNet said the assessment by JP Morgan analyst Imran Khan predicted lower earnings per share. Google and travel site Priceline may have cause for worry:

Regarding Google Khan noted that more than half of Google’s revenue comes from abroad. Google also has “significant exposure” to the British pound, which has fallen along with the euro relative to the dollar.

Priceline may also take its lumps over a stronger dollar because 60 percent of its travel bookings come from abroad.

However, old-line companies, notably shaving razor maker Gillette, made a habit of hedging their currency bets against such swings in global fortunes. If the likes of Google have not made such strategies part of the ongoing business, I'd be very surprised.