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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis G. who wrote (6607)	12/6/1997 12:33:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 13925

Dennis G, Top o' the evening to you! I am still studying CREAF's Annual Report. I noted one more item of interest relating to sale and cost of doing business. On Page 22 of the Report CREAF notes that 96% of its accounts receivables are denominated in US Dollars. And 93% of its cash and cash equivalents are held in US Dollars. Now interestingly of total current liabilities only 78% are denominated in US Dollars and 19% in Singapore Currency. And of long term obligations (about $33m Dollars), only 6% are denominated in US Dollars, the rest in Singapore Currency. That suggests that CREAF takes in payment in US Dollars, but pays at least a healthy portion of its commitments in Singapore (Dollars?). That suggest that CREAF will derive at least some benefit from a Singapore Currency devaluation and thestrength of the US Dollar.... Again all facts from the CREAF Annual Report.... Sincerely, Doug F.