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Technology Stocks : Creative Labs (CREAF)
CREAF 0.411+11.2%12:12 PM EST

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To: Jon Tara who wrote (8616)1/22/1998 4:46:00 PM
From: Kulnor  Read Replies (1) of 13925
 
Diamond Multimedia Reports Results for the Fourth Quarter and Year
Ended December 31, 1997

Reported $0.20/share, estimate was $0.14
Loss 0f ($1.33) for the year, estimate was a loss of ($1.25)
(no I wont give out my source <G>)

biz.yahoo.com

''Diamond Multimedia transitioned through a very difficult time in 1997,'' said William J. Schroeder, President and CEO. ''But the team pulled together and we ended the year on a definite up note. We are pleased with our fourth quarter results and look forward to the first quarter of 1998 with a sense of renewed optimism.''

''We continued to see strengthening product demand in the fourth quarter, particularly for our newer graphics products, and net revenues increased by over 100% from the third quarter,'' stated James M. Walker, senior vice president and CFO. ''As a result, we saw margins and inventory turns increase and days sales
outstanding decrease during the quarter.''

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