Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.448

-4.6%

Dec 17 12:59 PM EST

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To: grogger who wrote (13176)	12/21/1998 6:18:00 PM
From: Dennis G.	Read Replies (1) of 13925

Looks like more institutional abandonment. Not just CREAF but the whole stinking business. They obviously think it is all crap. Hard to say how low it will go since they apparently place no value on it at all. I just can't understand why these morons waited until now to sell when they could have sold when CREAF was buying. If Sim had any guts at all he'd put out an offer of $19 bucks a share for the 60 million or so outstanding and he could have them vote on it in less than 2 weeks. They should have enough cash to cover at least 1/3 of that and could easily borrow the rest. Money is incredibly cheap. Then when he had taken the company private and reported good earnings in January he could sell about half the company in private placements and more than cover that debt. He could thus permanently end the horror that is CREAF's stock price. But maybe he is really Freddy Kruger in disguise. Dennis

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