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 0.448

-12.1%

Dec 17 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: taxikid who wrote (7209)	12/14/1997 7:56:00 PM
From: JP Sullivan	Read Replies (1) of 13925

But why not? One reason that the manufacturer wouldn't be able to sell in won is if it purchases its components in US$ or some other currency. Since Korea has the capability of manufacturing hi-tech components (witness the numerous chip plants these chaebols have), not to mention the (excess) capacity, I think it's likely or at least possible that the drive is made of locally manufactured parts, if not entirely, then at least a large proportion. As a buyer, CREAF would want to negotiate the best possible deal for itself, and I think paying in won or some other Asian currency (perhaps Sing $) would have been the sensible thing to do even if the deal was inked before the Asian implosion. Finally, Korean companies have to be dying for cash right now, and even if CREAF had agreed to pay in US$, I think it's entirely possible that CREAF may be able to demand a price cut. Then again, I could be entirely wrong. But since we're basically speculating here, I figured what the heck. Winston

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next