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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-4.6%

Dec 17 12:59 PM EST

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To: Mark who wrote (7181)	12/13/1997 11:50:00 PM
From: prakash	Read Replies (1) of 13925

I guess this article explains who the "big seller" was last week: (but I don't think that company is going bankrupt any time soon) From smartmoney interarctive: YES, YOU REALLY CAN lose money in technology -- even if you don't own tech stocks directly. Proving that point again this week was the Merrill Technology Fund (MBTCX), which we profiled last Friday when it gained the dubious distinction of all-around loser fund of that week. Merrill Tech lost another 10.5% this week thanks to its highly concentrated bets. Creative Technology (CREAF), a company that makes PC sound cards and multimedia upgrade kits, made up a maddening 30.3% of the fund's portfolio as of the end of November, according to Lipper Analytical Services. The company is down 33% since then, including a 5.5% drop Friday that isn't reflected in the weekly mutual fund figures.

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