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

To: Tom Barnum who wrote (7849)	1/8/1998 10:39:00 AM
From: Vanni Resta	Read Replies (1) \| Respond to of 13925

Ouch! That is a big change since Nov. 11. Since they get just under a third oftheir revenue from Asia, I think we can safely assume that it will be wiped out more or less by the same as the average percentage change in the currency rates listed above. Yes, we don't know how much production is from Japan or Indonesia, etc. But we can see there is a big change, nevertheless. I think we will be hearing about this when they report earnings. And yes, you are right. People have been making the multiple argument with Creaf for a very long time. Unfortunatley, I think by now it is clear the market does not go along, since it continues to assign Creaf the unusually low mutlitple. Therefore, at this point, it is probably just a pipe dream that Creaf will get a higher multiple. Thanks a lot for the currency information, Tom. And thanks for not being a wuss about "arrogance" etc. and all that nonsense. People who are too sensitive should stay in money market funds. And they obviously do not have the endurance and strength to do the kind of research needed to be successful in the markets, which are a lot tougher than I am, by the way. Lacking the right psychological makeup to do the necessary rigourous research, they should also stay out of these threads and not clutter them up. Happy Investing! Vanni