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Article Excerpt
MERIDIAN -- Ask Hartley Peavey, owner of Peavey Electronics, about the impact of the weak dollar on exports, and you'll get an earful. While the weak dollar creates some advantages, Peavey is increasingly concerned about other factors that make his company less competitive.
Peavey Electronics, which celebrates its 40th anniversary this year, has competed in the rapidly changing international marketplace by switching from selling lower priced products to very technologically sophisticated, high-priced electronics. While best known for producing guitars and amplifiers, the largest part of Peavey Electronics business is putting in sophisticated sound systems for large operations such as the new air terminal in Heathrow, England.
A year ago the euro was 88 cents. Most recently it was $1.33. While that helps his business in Europe, he has concerns about the overall picture.
"That means all of these people who have their savings in dollars may find that we have that ugly dragon of inflation back with us," Peavey said. "On the other hand, our fair state...
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