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Technology Stocks : Creative Labs (CREAF)
CREAF 0.370-21.3%Oct 31 1:10 PM EST
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To: James Tarifa who wrote (13822)8/5/1999 7:26:00 PM
From: Fred Fahmy  Read Replies (1) of 13925
 
James,

Thanks for your condolences. The only sense of satisfaction I have had over the last year (I have held this dog for more than 2 years) is that I have been warning people to stay away from this piece of crap (mostly on Yahoo). I figured people should learn from my experience. I'm sure some were smart enough to head my warning; others were not. I sold 2/3 of my position earlier for an average of 14, but I kept the last 1/3 in case the sudden spike to 18 (several months back) had a reason behind it. I should have known better.

What makes this an even a bigger shame is that CREAF has excellent products. Under the proper management this company could thrive and the P/E could be double. Sim has no vision. He is a follower not a leader. He was late to MP3 and he was dreadfully late to the internet.

My top 3 lessons from this miserable experience is

1) buy the management
2) buy the management
3) buy the management

FF
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