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 0.411

+11.2%

Dec 8 12:12 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: relentless who wrote (9152)	1/28/1998 10:52:00 AM
From: Brad Patton	Read Replies (1) of 13925

Re: I have a question regarding creative's earnings report. On yahoo, it said that eps was 0.79 up from 0.64. On the other hand, on the balance sheet, the eps was posted 0.15, that would be lower than 0.64. Hmmm, does anyone know what's going on? what is the correct eps for janurary. Creative earned .79 per share before one-time charges. During the quarter Creaf bought two companines (Ensoniq and Cambridge Soundworks)and a audio division of Opti. As part of the purchase accounting process they are required to write off Research and Development that was in progress at those companies as an expense. This amounted to 60.3 million reducing eps to .15. This does not decrease the amount of money (cash flow) they received in the second quarter. The good news is that it does reduce the income they have to pay taxes on.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next