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


To: Y. Samuel Arai who wrote (8770)1/23/1998 7:05:00 PM
From: Brian Lempel  Read Replies (1) | Respond to of 13925
 
All, the first thing I noticed when I looked at the report was how high inventories were. If anything, the buildup should have been at the end of last quarter in preparation for the Christmas season. However, I can't speak with any authority on this.

I suggest we hold questions until the CC, which will begin playback at 8:30 EST. I will take some notes and post when it is through. I'm sure there are others here willing to do the same. Again, if the inventory is an issue, it will be addressed in the CC.

Brian



To: Y. Samuel Arai who wrote (8770)1/23/1998 7:06:00 PM
From: Hitch  Respond to of 13925
 
Y.S. Arai; I am not a CPA, but CREAF took a 60.3 mil write off for acquired technology so I would think that the books have been consolidated. Can anyone shed some light on this issue?

Hitch



To: Y. Samuel Arai who wrote (8770)1/23/1998 7:38:00 PM
From: Curbstone  Respond to of 13925
 
>Anyone know if the numbers include accounting numbers from all >acquired companies?
>Sam

This would be a good question for the conference call tonight.

Aloha, Mike



To: Y. Samuel Arai who wrote (8770)1/23/1998 9:09:00 PM
From: prakash  Read Replies (1) | Respond to of 13925
 
"Anyone know if the numbers include accounting numbers from all acquired companies?"

From the press release:

After one-time write-offs -- totaling US$60.3 million -- for in-process technology related to the acquisitions of ENSONIQ, Cambridge SoundWorks and the NetMedia group of OPTi

Hope that answers your question. However, considering the fact that they paid cash for the purchases, doesn't 60 million for "related expenses" for the aquisitions look too high?

Prakash