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

To: burn2learn who wrote (7852)	1/8/1998 5:04:00 AM
From: Howard	Read Replies (1) \| Respond to of 13925

Re: CREAF DVD sales. For your reference I am re-posting an article from this thread exhibiting an article frojm the 11/5/97 Wall Street Journal. Good luck to all CREAF followers and happy investing to all: To: Alan Chan (5367 ) From: David Busch Wednesday, Nov 5 1997 8:51AM EST Reply # of 7852 From today's WSJ: Singapore: Creative Tech DVD Sales Better Than Expected SINGAPORE (AP-Dow Jones)--Singapore's multi-media peripheral maker Creative Technology Ltd. (CREAF) said Wednesday that sales of its personal computer digital video discs have been better than expected. Creative has been shipping a six-figure digit of PC-DVD units per month since March, when the first shipment was made, said Mary Rachel Yee, the group's public relations manager. She declined to disclose exact figures. Creative's worldwide orders have exceeded their supplies, Yee said. 'Demand has outstripped supply,' she said. The group has tried to overcome the shortage by allocating their supplies to customers. Yee said that the group was surprised by the strong demand for their PC-DVDs, especially from Europe. DVD is a high density compact disc standard used for storing large amounts of digital video and audio data, with the ability to contain the same amount of information as 26 CD-ROMS. Creative's Yee suggested that sales of the group's PC-DVD drives may improve next year. U.S. research company Dataquest has forecast that one million DVDs are expected to be sold by the end of this year, and sales are projected to rise to 8.2 million by 1998 and to top 10 million by 1999. 'This uncaptured market presents a great opportunity for Creative,' the group said. Creative's PC-DVD drive is currently touted as providing the best value for money at US$379. Creative's shares on the Stock Exchange of Singapore ended unchanged Wednesday at S$41.50 on volume of 93,650 shares.