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

To: Brian Dittmer who wrote (8408)1/18/1998 12:35:00 PM
From: Leland Charon  Respond to of 13925
 
Brian,

I would think that the cash position has to be close to $500 million by now. Are you still anticipating a pre-earnings run-up in the stock?

Good luck,

Leland



To: Brian Dittmer who wrote (8408)1/18/1998 12:59:00 PM
From: Hitch  Respond to of 13925
 
Brian, Cash was US$463 mil at the end of Q1, the purchases of the Opti Unit, Cambridge, and Ensoniq totaled approx. 130 mil bringing the total to about 333 mil + cash generated in Q2. My best guess would be in the area of 410-420 mil. or approx. 4.33 to 4.44 $US/Share. As you can see I am very optimistic about the results for Q2.

Hitch


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