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Technology Stocks : Creative Labs (CREAF)

CREAF 0.470

0.0%

Dec 26 9:30 AM EST

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To: RLM who wrote (6454)	12/4/1997 3:30:00 PM
From: Douglas V. Fant	Read Replies (1) of 13925

RLM, We are now down 30% in only four days on "rumors of uncertain Christmas sales"- I'd call that oversold.... But I do not see a bounce back until after the December 11th Annual meeting and press release and then realistically, after December 31st tax loss selling. Realistically since CREAF beat its estimate by 25% last quarter- generally more good news follows good news (and conversely more bad news follows bad news). On that basis, with CREAF sales gaining steam (in spite of Asian-area sales), I'd really be surprised if CREAF's sales suddenly "stop on a dime" and go south. I think that a 30% reduction in price acommodates (sp?) a 15% drop in sales in Asia which only accounts for 25% of total sales anyway (fifteen percent of 25% is only 3.75% of sales guys...). Sincerely, Doug F.

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