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


To: exitleft who wrote (12360)9/30/1998 7:28:00 PM
From: Richard Haugland  Read Replies (1) | Respond to of 13925
 
Its probably been posted here some time ago, but executives of AURL seem to have a long history of deceptive acts, including such incidental matters as ".... mail, wire and bank fraud, insider trading, money laundering and making false statements to the U.S. Securities and Exchange Commission and to the firm's accountants." Pretty much the full laundry list on no-nos for a public company.

biz.yahoo.com

I can certainly see that defaming CREAF and its products might not be below their standards and they perhaps wanted to complete the list. Seems like a significant character defect! Who would want to own AURL even if it was given as the spoils of a suit. Might be better for CREAF to put it out of its misery.



To: exitleft who wrote (12360)10/1/1998 1:12:00 AM
From: Dennis G.  Read Replies (1) | Respond to of 13925
 
Yes, CREAF could continue to try and fight AURL, but it is not clear if they will win and even if they do, whether they could do so in a timely manner. My suggestion was they could decide to end the situation now by buying them out in return for a statement saying they were infringing. This would leave DIMD without a 3D sound card chip.

They aren't likely to be able to get much in damages anyway if they do win the case. What is important and what is at stake are future sales. If they can get rid of the AURL problem, then they would effectively own the PCI sound business and Sim wouldn't have to eat his words. This is far more important than simply trying to punish DIMD or AURL.

If they offer the AURL people a way out, I think they would take it, since it's not clear that they could survive anyway. I would just like to see CREAF resolve this now, even if it cost a few shares because it would almost assuredly mean OEM contracts.

Dennis