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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

-6.5%

Dec 8 12:12 PM EST

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To: Brian Lempel who wrote (11954)	8/6/1998 10:11:00 PM
From: Marc	Read Replies (2) of 13925

That does not look good!! 08/06 9:50P +Singapore's Creative Dn 6% To S$18.80 On Earnings let-Down MORE) DOW JONES NEWS 08 -06 -98 09:50 PM SINGAPORE (Dow Jones)--Shares of Singapore's multimedia peripherals maker Creative Technology Ltd. (CREAF) have tumbled 7%, or S$1.40, to S$18.60 on its disappointing earnings unveiled earlier Friday, market observers said. The market is punishing Creative for the poor showing,' said Terence Khoo, analyst at Vickers Ballas Investment Research. Creative said its earnings per share for the fourth quarter ended June 30 plunged to US$0.05 compared with US$0.55 the same period a year earlier. "That was way off,' said Khoo, adding that he had expected an earnings per share of US$0.26. Creative said net income in the fourth quarter fell 91% to US$4.8 million from US$51.2 million a year earlier, after a one time write-off of US$8.3 million related to the cessation of certain activities. Excluding the item, net income was $13.1 million, or US$0.14 a share. (MORE) DOW JONES NEWS 08 -06 -98 09:54 PM

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