Creative Labs (CREAF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Labs (CREAF)

CREAF 0.470

0.0%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jon Tara who wrote (8616)	1/22/1998 4:37:00 PM
From: Kulnor	Read Replies (1) of 13925

ESS Technology Reports Fourth Quarter and Fiscal Year Results biz.yahoo.com ''We are disappointed with the financial results for the quarter,'' said Fred Chan, chairman and chief executive officer. ''While our sales were strong, reflecting seasonal demand, we experienced a surge in inventory late in the quarter, requiring us to take appropriate financial reserves. This surge was primarily due to two factors. First, one of our wafer fabrication foundries, from which we purchase certain products on a 'per good die' basis, achieved an unexpected increase in manufacturing yields that resulted in a greater quantity of products being received. Second, customer transition to new products has been slower than anticipated. We are taking steps to avoid a reoccurrence and to return to normal inventory levels in the next few months.'' P2

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next