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


To: Brian Lempel who wrote (11660)6/14/1998 8:13:00 PM
From: Fred Fahmy  Respond to of 13925
 
Brian,

"recent developments in Asia make us concerned that guidance for '99 could continue to be lowered as the year progresses."

I thought in the above statement US was ML and "guidance for '99" referred to CREAF's guidance. If the guidance refers to ML's guidance then it makes sense.

As for not taking into account the charges associated with the acquisitions, this is definitely NOT the convention when valuing companies or determining fair multiples.

FF