Creative Labs (CREAF) Message Board

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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: burn2learn who wrote (12984)	12/3/1998 4:48:00 PM
From: Dennis G.	Read Replies (1) of 13925

But what are they saving the cash for? They don't want to buy any more companies with cash. Ask them yourself. It's a bookkeeping and tax nightmare. They want to use stock. But no one will take the stock at this level. And by not supporting a higher price they are really telling the SEI guys that they were fools for taking 22 bucks as fair value for their stock. CREAF is now part of the market for this stock for the first time ever. To use an overused expression, it is different this time. Whether they like it or not, every day from now on, they are making a statement in the market about what the value of this company should be. They are really controlling the value now. I don't see how any shareholder can be happy that they are saying it's only worth 17 bucks. But if CREAF decided it was worth more and bought more and the price went up, that would not be "artificial". They are part of the market now too. And every share they buy is one less share to come back and haunt them. That is the key. What is really the worry people have is that other owners of this stock will dump it at a higher level. Well so what? Those people have to sell eventually for the stock to rise past that level. CREAF has to get this stock in the hands of people who want it and are willing to hold for a higher level. What better way than to show the world that they believe it is worth more and are willing to put their money where their mouth is. New owners looking for more appreciation will replace the old owners. This is a rapidly disappearing opportunity. All I am asking is that they make a onetime significant effort to attain some reasonable value, even if some others will sell at that level. This is like a game when you are behind at the half. In basketball you go into a full court press or in football it's the 2 minute drill. An effort to get things back to even so you can move ahead from there next year. Dennis

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