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Technology Stocks : Creative Labs (CREAF)

CREAF 0.470

+4.9%

Jan 12 9:43 AM EST

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To: K. Larson who wrote (6074)	11/25/1997 9:38:00 PM
From: Kurt C. Bender	Read Replies (3) of 13925

Opti To Sell Net Media -2: Also Sells Logic Tech License MILPITAS, Calif. (Dow Jones)--Opti Inc. (OPTI) signed an agreement to sell its Net Media group to Creative Technology Ltd. (CREAF) for $14 million in cash, plus warrants to purchase 200,000 Opti common shares at $10 a share. In a press release Tuesday, Opti said Creative will also receive a license to certain Opti core logic technologies. Opti will provide backend services, including layout design, test services and failure analysis over the next 12 months for work related to the Net Media group. The deal also includes a buy/sell arrangement for Opti's universal serial bus controller. Subject to customary terms and conditions, the sale is expected to close Tuesday. Opti's Nasdaq-listed stock closed unchanged at 5 3/4. Opti Inc. supplies chipsets to the personal computer market. "Dow Jones News Service" "Copyright(c) 1997, Dow Jones & Company, Inc."

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