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

To: BZOOKA who wrote (10798)	4/9/1998 11:44:00 AM
From: BZOOKA	Read Replies (1) \| Respond to of 13925

Sorry about that here is the rest on their Conf call: the CEO and CFO stressed margin pressure of 1-1.5% and they stated they have been noting this all along. this is an industry standard during 2Q. It appears the St chose to focus on this matter. The rest of the comments were very positive: strong demand for graphics, increasing demand for modem v.90 standard with PCI capability as well as sound. They expected to meet Wall St estimates of 98.1 numbers in the 98.2. It was also mentioned that they had been shipping to Dell for only about four weeks! Overall expenses went down. % of sales to OEMS increased. International sales were about 40% of revenue with increases to both Europe and Asia!! My only main concern was an increase in inventory turn days and DSO of about one day. Mgmt was not to worried.