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

To: Hitch who wrote (6893)	12/10/1997 2:53:00 PM
From: Dan Woodbury	Read Replies (1) \| Respond to of 13925

Their annual report, which was mailed out last week, shows that company had close to $420 million US in cash or cash equivalents. Creaf spent $30M on Cambridge and now $70M on Ensoniq. I'm not sure how much was spent on OPTI. CREAF will earn $65-75M in profits and interest this quarter. Add the numbers all together and CREAF is still sitting on at least $350M cash - equivalent to $4 a share. By the way, will the shareholders meeting be underway when trading opens in the U.S. tomorrow?