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

To: RCVJr who wrote (6951)	12/11/1997 7:23:00 AM
From: Kurt C. Bender	Respond to of 13925

make a special note as to the last trade size and price Kurt

To: RCVJr who wrote (6951)	12/11/1997 7:33:00 AM
From: Kurt C. Bender	Respond to of 13925

BIG NOTE Chairman Sim Wong Hoo was quoted as saying Wednesday, 'If we can achieve the low part of our target this year, we'd be doing a spectacular job.' This quote is taken out of article below Kurt Singapore's Creative Tech: Asia Crisis To Hurt Sales - Paper SINGAPORE (Dow Jones)--Singapore sound-card maker Creative Technology Ltd. (CREAF) said the Asian currency turmoil is likely to affect its sales growth, according to an article in the Business Times Thursday. Chairman Sim Wong Hoo was quoted as saying Wednesday, 'If we can achieve the low part of our target this year, we'd be doing a spectacular job.' Creative earlier said it expected sales growth of between 10% and 15% this year over last year's US$1.23 billion, the article said. Sim said the company is still on track to meet its projected gross margin of about 30%, and earnings forecasts for the second quarter and the year ending June 1998, the article said. Creative had said, during its briefing to report first quarter results, that the depreciating currencies in Thailand and Malaysia had hurt its sales, causing a drop in Asian contribution to 24% from 30%, the article said. While the drop in sales was offset by lower costs in Singapore and Malaysia, Creative said the crisis has now spread to Japan and South Korea, two of its top three Asian markets, the article said. "Dow Jones News Service" "Copyright(c) 1997, Dow Jones & Company, Inc."