Creative Labs (CREAF) Message Board

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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: Dennis G. who wrote (6360)	12/3/1997 6:34:00 PM
From: Douglas V. Fant	Read Replies (1) of 13925

Dennis G., Even after the last three days I have a good feeling about this stock. In fact I today was frantically trying to sell all of the stocks in my IRA so that I could raise cash and buy more CREAF this morning. Its my biggest position in my portfolio. Also own and watched ASND in the networkers and INVX in the disk drive sector both survive bad news in each sector- ASND finished the day unchanged (!!!!) as 3COMS' and Cabletron Systems' earnings warnings did not faze ASND and INVX was down only about 1/2 point given the WDC warning- and CREAF turned upward in the afternoon. The point being is that I think today's tech stock action reflects that all of the Asian/Latin American slowdown/concerns are pretty much priced into tech stocks now- including CREAF. Now will CREAF stampede upward? While CREAF is grossly oversold right now, I do not think so- we need to "back and fill" a bit until at least December 11th Annual Meeting and see what the CEO has to say, and also wade through a little tax loss selling. And then from December 11th it's only four weeks to earnings release. And do not forget the two "industry-wowing" partnerships- maybe an OEM deal involving the Cambridge speakers? Yet to be announced but likely to add to revenue growth. My guess is that January will see a good move in CREAF. Indeed Dennis, remember Semitool last spring? It started at $9/share, rose to $14/share, dropped back to $9 1/2 again and later rose to $28/share over a seven month period (and has since faded back again to about $16/share on Asian concerns). Or NANO which rose from $4/share to $7/share, dropped back to $4 3/4 share and then tripled to $12/share?. I feel that like Semitool and Nanometrics last Spring we are in a similar 'second valley" prior to a new uptrend with CREAF. Will people in the world quit buying PC's? No. The trend if anything will accelerate. Will people want sound and graphic capabilities on their PC's? Yes they will. So demand may ebb and flow just like CREAF's stock price, but the long-term trend is up.... Sincerely, Doug F.

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