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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-12.1%

Dec 17 12:59 PM EST

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To: Dennis G. who wrote (11864)	7/16/1998 4:11:00 PM
From: Power ranger	Read Replies (3) of 13925

No share buy back this year. I just received a report on the nett cash position of Singapore companies and it looks ugly!!! Other then a few (Creative is one of them), most of them are either highly gear or Cash POOR, If the govt. approved the buy-back now, companies will not have the $$$ to buy back their shares ( most shares have lost at least 50% of their value compared to 1 year ago. Just imagine how the market will react if buy-back is approve and we don't see any action from these companies??? I hope my reading is wrong. So, I think the buy back will be delay to a much further date. At present our hope are on the imminent release of SBL and their 4th Q result which I believe will be around 20 - 25 cents..This is base on their guidance of revenue down 10% and margin in the mid 20%. The last 100+ thousand were all buying @ 12 3/4 but the MM are happy to stand the bid and ask at 12 11/16 and 12 3/4. Well at least we close 12 3/4 for a half dollar gain. singing the internet blue - PR

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