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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-12.1%

Dec 17 12:59 PM EST

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To: David Beckett who wrote (6340)	12/3/1997 3:22:00 PM
From: Kulnor	Read Replies (5) of 13925

TO ALL: Update from Creaf Investor Relation They just returned my call from this morning. 1) They are NOT going to come out with a press release to explain recent price action 2) Reason given for drop is institution selling and today's Merryl Lynch lowering estimates 3) They do not change their position and expect a 10-15% revenue growth compared to last year 4) Admit they are experiencing lower sales in Asia (representing about 25% of their market) as well as in Latin America 5) Are very confident long term and DVD is selling very well 6) Probable press release after shareholders meeting I'm positivelly surprised they returned my call and the person I was talking to was watching the rebound at the same time. Asia is a bigger market share than I thought (25%) but I was more surprised by latin america. Probably the reason behind ML comments. pascal

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