Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-4.6%

Dec 17 12:59 PM EST

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To: John who wrote (5007)	10/25/1997 4:08:00 PM
From: Rutgers	Read Replies (1) of 13925

Here's another reiteration of a "BUY" Rating From today's Singapore Business Times Creative Technology (Maintain Buy) ING Baring Securities, US$21.75, Oct 22 Net income for the maker of multimedia sound cards and upgrade kits surged 347 per cent to 74.2 US cents a share and was 50 per cent above our forecast due to exceptional gains from the sale of share investments in 3D Labs. Excluding the exceptional gains, Creative would have reported net income of 54.6 US cents (86.3 Singapore cents) a share -- 10.7 per cent above our forecast of 49.3 US cents. The shares are trading at nine times 1998 forecast earnings based on our revised forecasts which have been raised by 14 per cent. We reiterate our "buy" rating.

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