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Technology Stocks : Creative Labs (CREAF)

CREAF 0.440

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Dec 11 9:30 AM EST

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To: HEXonX who wrote (8075)	1/10/1998 10:42:00 PM
From: prakash	Read Replies (1) of 13925

Few specifics about Ensoniq acquisation: SINGAPORE (Dow Jones)--Creative Technology Ltd. (CREAF) completed its acquisition of Ensoniq Corp. and said it will take a write-off in the second quarter ended Jan. 2 related to the deal. Creative acquired Ensoniq, an audio chip company, for $77 million in cash. In a press release Friday, the company said the amount of the write-off will be determined based upon the value of in-process research and development. A Creative spokesman couldn't immediately provide additional information on the write-off. For the second quarter ended Dec. 31, 1996, Creative Technology reported net income of about $57 million, or 64 cents a share, on sales of $386 million. A survey of seven First Call Inc. analysts shows Creative producing a mean earnings estimate of 78 cents a share for the fiscal 1998 second quarter. Creative Technology, which develops multimedia technology, plans to report its second quarter Jan. 23.

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