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Technology Stocks : Creative Labs (CREAF)

CREAF 0.470

0.0%

Jan 12 9:43 AM EST

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To: BZOOKA who wrote (6932)	12/11/1997 12:40:00 AM
From: Derrick Lim Kok Fang	Read Replies (1) of 13925

Bzooka, There is nothing much in Singapore media except fot the Ensoniq acqusition. He only said that Creative earning forecast for this quarter will be met as I did ask him about the recent ML reduced forecast. But I think that he is basing it on a more conservative figures, but he did said that there is now too much hype by analysis over their forcast as Creative has been beating their forcast for the past few quarters. I am just wondering whether the Ensoniq write off will have any impact for this coming quarter. But he did said that last year if not without the SES restriction, Creative will have spent a huge chunk of its cash horde to buy back its share (then US$7+) as he knew that the Company is going back into the black. He is apparently not overly concern with the current downward spiral in share price as he views it due to the moemtum player cashing out. He has a much longer view in Creative. Lets don't foget that he did use his own share to pledge as margin to purchase more share at the 13+ level early this year. This is actually quite good as then he is more focus in the Creative business, rather than to indulge in trying too hard to support the share price. Sooner or later the share price will catch up with the fundamentals of the company. Derrick

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