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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: Fred Fahmy who wrote (13486)2/2/1999 8:34:00 AM
From: Dennis G.  Read Replies (1) of 13925
 
Good post Fred. I feel the same way. But what really ticks me off is this. If they had had no CC, the stock would NOT have sold off anywhere near what it did, maybe not at all. The quarter was NOT that bad and there was NO reason to believe so. Look at the posts right after the report. NO ONE was really that downbeat. If fact most were positive. But for example check out this post by Sun Tzu on the TDFX thread.

Message 7561083

He had gone short betting on a miss and thought HE was going to take a bath. But in the very next post, a responder basically said wait for the CC, they could still screw it up.

Message 7561126

And that is EXACTLY what happened. CREAF management literally screwed EVERY shareholder who was giving THEM the benefit of the doubt and waiting to see the earnings. And they literally rewarded everyone who sold and/or went short ahead of the earnings. And they did it deliberately and cold-bloodedly because they couldn't have been naive not enough to know the street response. They had ALREADY done the same thing just last June.

You and I had NO reason to feel the quarter was bad or that the next quarter would be bad, and they provided no warning. So we were trusting them to treat us decently. But instead they stabbed us in the heart again. This is what CREAF management thinks of its shareholders. So heartbreaking.

Dennis
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