Creative Labs (CREAF) Message Board

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Technology Stocks : Creative Labs (CREAF)

CREAF 0.370

-21.3%

Oct 31 1:10 PM EST

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To: Richard Haugland who wrote (13433)	1/29/1999 5:53:00 PM
From: Gopher Broke	Read Replies (1) of 13925

My initial reaction was to ask why CREAF didn't buy back more than 4% of the shares. But then, when you look at the chart for last Nov/Dec the shares were rapidly up to $18 as soon as the buyback kicked in. CREAF bought at an average of $16.43. Buying more at over $18 (when they can now spend a whole year buying at $18 :o) would not have made sense. I suspect that we will see some near-term selling on the "no future for sound cards" premise, but I am hoping that CREAF will step in to soak it up and then move to buying at just under $18 again pretty soon. Still making tons of real money. Go Creaf!

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