Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.370

-21.3%

Oct 31 1:10 PM EST

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To: virgil vancleave who wrote (8936)	1/25/1998 1:29:00 PM
From: Richard Haugland	of 13925

creaf not only made but beat estimates and DID NOT include revenues and/or profits from their aquisitions (as quoted from the conf call). I don't know for Ensoniq but the last quarter they reported results Cambridge Soundworks had a small loss of $241,000 on revenues of $13,175,000. biz.yahoo.com I don't know the financial history of Cambridges Soundworks and the quarter just finished could be historically a strong one for them too but one cannot automatically assume that adding results of Ensoniq and Cambridge Soundworks will add to CREAF's bottom line or not reduce its profit margins. I agree, however, that adding their results for the very brief periods of ownership by CREAF would have been both difficult and inappropriate. It is possible that CREAF will restate this past quarter's earnings to include these results once the merger has had some time to mature. In fact, I believe it may be required to do so for tax purposes. The FY of Cambridge Soundworks and CREAF were different. I know nothing about Ensoniq's financials and do not find them among previously publicly traded companies.

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