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Technology Stocks : Creative Labs (CREAF)
CREAF 0.448-4.6%Dec 17 12:59 PM EST

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To: Sun Tzu who wrote (13495)2/2/1999 1:39:00 PM
From: Rutgers  Read Replies (1) of 13925
 
I think you should take another look at the Balance Sheet...

"the revenue was better than I expected"

I don't agree. Take a look at the "Accounts Receivable" line - it was up over ONE HUNDRED MILLION DOLLARS

What does this mean? It could mean a couple of different things, one of which is that the Q was back-end loaded, which would not be good.

The 2Q is traditionally their best Q for obvious seasonal reasons, so you would hope that they would not have to ship a lot of product at the end of the Q just to make the numbers.

The 3Q is typically their second best, but they are sending out bad signals...the 4Q (summer) is typically their slowest...

bottom line: shareholders may have a loooong wait to see any meaningful price appreciation...
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