C-Cube Message Board - Msg: 4816418

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Technology Stocks : C-Cube

CUBE 35.79

+0.6%

10:28 AM EST

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To: John Rieman who wrote (33740)	6/11/1998 9:30:00 AM
From: .com	Read Replies (1) of 50808

And down goes CREAF... At least they don't mention their DVD line (yet). 09:20 ET Creative Technology Ltd (CREAF) 16 1/8: Multimedia chip maker expects revenues and gross margins for Q4 to fall short of expectations. Projects revenues will suffer 10% yr/yr decline. Puts gross margins in the mid-20s vs expectations of approx. 30%. Cites recent collapse of prices in the low-end and mid-range 2D/3D graphics market. Says low-end and mid-range of the PC graphics industry has seen significant oversupply and tremendous price pressure in recent week. Stock indicated 1 pt lower.

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