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

To: K. Larson who wrote (6074)	11/25/1997 9:38:00 PM
From: Kurt C. Bender	Read Replies (3) \| Respond to of 13925

Opti To Sell Net Media -2: Also Sells Logic Tech License MILPITAS, Calif. (Dow Jones)--Opti Inc. (OPTI) signed an agreement to sell its Net Media group to Creative Technology Ltd. (CREAF) for $14 million in cash, plus warrants to purchase 200,000 Opti common shares at $10 a share. In a press release Tuesday, Opti said Creative will also receive a license to certain Opti core logic technologies. Opti will provide backend services, including layout design, test services and failure analysis over the next 12 months for work related to the Net Media group. The deal also includes a buy/sell arrangement for Opti's universal serial bus controller. Subject to customary terms and conditions, the sale is expected to close Tuesday. Opti's Nasdaq-listed stock closed unchanged at 5 3/4. Opti Inc. supplies chipsets to the personal computer market. "Dow Jones News Service" "Copyright(c) 1997, Dow Jones & Company, Inc."

To: K. Larson who wrote (6074)	11/25/1997 11:04:00 PM
From: Douglas V. Fant	Respond to of 13925

K. Larson, I did not mean to imply that CREAFwould be subject to tax loss selling- since most everyone who holds CREAF has some sort of profit, that would not be true. However my initial hunch was that tax loss selling would hold the market down for a while. But now I'm not so sure. The mild reaction to the Yamaichi Securities bankruptcy (admittedly this was a company in trouble before) makes me think that we are close to a bottom in the Asia-related selling and also close to a year-end rally. Now that said most tech stocks are in bearish technical patterns (CREAF being one exception)- so I figure that all things added up, we may have 5-10% more on the downside in tech stocks before we "head north" again.... I'll hold my current CREAF and also either sell naked puts on a pullback or buy more CREAF shares whichever offers best value..... This stock is a winner- why wander far from a winner? Sincerely, Doug F.