Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.370

-21.3%

Oct 31 1:10 PM EST

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To: Dennis G. who wrote (9383)	2/5/1998 5:28:00 PM
From: Brian Lempel	Read Replies (2) of 13925

Hey Dennis. I am also eagerly awaiting the share buyback announcement. Since CREAF has expressed an interest in buying back shares, I would assume that they would announce it after the new laws are approved later this month. Now, the really big question is how much do they buy back! I think CREAF would want to use a fair amount of its cash ($200 million???). Their business is not very capital intensive, they don't plan on making any big purchases, and they are continuously adding to their cash horde through operations. With $200,000,000, they could buy around 20% of the float. I wouldn't bet on an announcement before the very end of the month. I'm planning on adding to my position in anticipation, though. Brian

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