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

To: BZOOKA who wrote (5334)	11/4/1997 11:00:00 AM
From: BZOOKA	Read Replies (2) \| Respond to of 13925

Creative Technology Ltd was raised to a BUY from HOLD by Deutche Morgan Grenfell Asia Ltd. The company's earnings-per-share estimate for the year ended June 1998 was raised to US$2.45 from US$1.99 said Greg Tarr,DMG's technology analyst."The gross margins are a lot stronger than expected" Tar said."They continue to dominate the sound card segment-nobody's made any inroads yet." Tarr expects the company's stock to surge to S$54 a share within three months on the back of strong demand for digital video drives,particularly in Japan. He said he expects Creative to make more aquisitions,naming companies such as Zoran Corp.,a U.S. maker of digital video software,as likely candidates. This news was released after the market closed in Singapore yesterday. News released by Bloomberg