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Technology Stocks : Creative Labs (CREAF)
CREAF 0.4700.0%Jan 16 9:30 AM EST

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To: Brian Lempel who wrote (12553)10/27/1998 9:28:00 PM
From: Fred Fahmy  Read Replies (4) of 13925
 
Brian,

Re: your lowball number

Better to be conservative <ggg>. I hope CREAF is doing the same <ggg>.

Seriously, it is reassuring that we came up with the same number.

Re: buyback

I'd be surprised if buyback pushes stock much past the mid teens, but I sure wouldn't complain. I think 20+ is out of the question unless it runs up a few points between now and when the buyback starts. I guess a lot will depend on if Ng and other large holders sell into the strength. The buyback will definitely generate a short term boost. I just hope it doesn't give it all back when they stop or take a breather.

Next several days should be interesting. If CREAF does go down on earnings report, then they will be able to take more float off the street for the same price. If it starts going up, we could see some nice momentum going into the buyback. Have you considered buying calls in anticipation of the buyback?? If so, which ones??

Good luck to all,

FF

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