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

To: Douglas V. Fant who wrote (6688)	12/6/1997 11:59:00 PM
From: CJay	Read Replies (2) \| Respond to of 13925

Doug F. I agree with you--its a dumb stock to short---I am long in a big way. If you deduct the 5$ cash per share, 20 5/8-5=15 5/8--this is a PE of 6 on FY 1998 earnings (even at the ML reduced number 0f $2.50) and about a 5 PE on FY 1999. Heck, its a 6 PE on current 12 month trailing earnings of $2.41. So you are preaching to the choir with me---I think we are at or near the bottom, and a number of the factors you have detailed here will help lift the stock back to the high 20's real soon---and 35 next year sometime. I just wish they would make the announcements soon, thats all. CJAY PS--I like the WWF too--even though its fake---like some people's trades <ggg>.