Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (8205)	1/14/1998 5:00:00 AM
From: prakash	Respond to of 13925

ML's update on CREAF. 1/12 (I don't remember anybody posting this before) As of 30 Sep 97, ST debt was USD0.2m and LT debt was USD36.6m. The LT debt is in S$, floating rate and repayable in 19 quarterly instalments from H2, 1997. The fall in S$ will be positive as the company accounts are reported in USD. However, they had USD463m cash on 30 Sep 97 and adverse movements in interests rates can be negated by simply repaying the loan completely. About 85% (or USD83m) of fixed assets are in Singapore & Malaysia, which is subjected to about 25% dimunition based on current exchange rates. The impact on balance sheet is about USD20m but is dwarfed by the huge USD596.7m shareholders equity base. Receivables, payables and inventory are almost completely USD based.