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

To: BZOOKA who wrote (6589)	12/5/1997 9:22:00 PM
From: Dennis G.	Respond to of 13925

BZ, I wouldn't really look for any statement from the company concerning sales. Anything they say could turn around and backfire on them. It's better if they say nothing. I think that we just have to hope that the market realizes that this week has been a massive overreaction to some possible softening of sales in Asia. ML's slight cut in earnings certainly doesn't justify the haircut CREAF has taken, and I think they would agree. I just talked to the IR guy and they said the problem this week was that one big institution wanted out. Didn't know who. And that has resulted in the fire sale. He also said that Chay is under 5% but I don't think he's out. Also said that Ng hasn't been selling lately. Not sure how accurate this info is. They're still working to get the buyback restriction remove, but SES is still "studying" the idea. Looking at the 1 year chart shows the only time the stock hit the 200 DMA was at the end of March and then really took off. Maybe history will repeat itself. I sure hope so. I need a Rolaids. Dennis