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

To: Brian Lempel who wrote (6915)	12/10/1997 9:12:00 PM
From: C S Lai	Respond to of 13925

Brian: Reuter also reports that Sim's CREAF will meet current quarter earning expectations. First Call said that CREAF will make 77 cents. It means at least another $72 millions in CREAF's coffin again. Analyst from ML's forecast of 14 cents reduction in 98 is therefore referring to Marh and June 98 quarters, definitely not the current quarter. Please anyone confirm it. Here is the report ------------------------------------------------------------------------------------------------------------- SINGAPORE, Dec 10 (Reuters) - Sound card-maker Creative Technology Ltd said on Wednesday that Asia's economic crisis would hit the company's revenue growth in its 1997/8 financial year ending June 30. "Because the currency crisis affects everybody, our upside is gone. If we can achieve the lower part of the range it's a spectacular job," said company chairman Sim Wong Hoo of the 10 to 15 percent revenue growth target Creative had set for itself. Sim told a news conference the crisis had affected some of Creative's biggest markets in Japan, South Korea and Brazil. But he said the company's earnings for the current quarter ending December 31 would be within market expectations. "What we are trying to do is to focus on profitability again. It's better to defend the bottom line than the top line," he said. Sim said the company was trying to push more in growth areas like India and Russia. Over the next six months, growth would come from new products in the areas of PCDVD, graphics and speakers, he said. -- Singapore Newsroom (65) 870-3080; Fax (65) 776-8112 -- Email: singapore.newsroomreuters.com ---------------------------------------------------------------------------------------------------------------- Best regards, Stanley