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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Savoirman who wrote (13812)	7/24/1999 7:18:00 AM
From: Fred Fahmy	Read Replies (1) \| Respond to of 13925

Savoirman, IMO, Sim squandered $45m in dividends and the company has absolutely nothing to show for it. CREAF was/is relatively late to the MP3 game and Sim allowed DIMD to take the lead in a segment which should have been right up CREAF's alley. Sim has been giving significantly reduced guidance to WS that the company has not been able to meet. One of the key rules in managing investor expectations is that when you are forced to reduce estimates (and in CREAF's case estimates have been coming down by 1/2 to 2/3) you better give guidance you can meet or beat. Sim has made some of the most absurd public statements I have ever heard from a CEO in my entire investing career...especially telling WS to give CREAF whatever P/E they feel comfortable with. Sim was/is unbelievably late to investing in the internet. Many right here called for a CREAF internet strategy years ago, yet Sim just recently appears to have 'discovered' the internet. CREAF should have been setting internet standards like those that have been set by Real Network years ago. What does this and his late arrival to MP3 say about his leadership and vision??? Sim reneged on this quarter's buyback guidance because of a conflict of interest between doing what was right for all shareholders (i.e. sticking with the buyback guidance he gave in the last CC) and his personal financial interest (avoiding having to offer 18 for the company). IMO, it's time for Sim to step down. His record over the last 2 1/2 years speaks for itself. Things are getting worse not better and this is despite a global PC industry which has been thriving. Is there any point at which you would agree that new management should be given an opportunity to increase shareholder value??? FF