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

To: prakash who wrote (8928)	1/25/1998 10:48:00 AM
From: RBB	Read Replies (1) \| Respond to of 13925

Positive report in The Straits Times The following report is copied from Yahoo message board. I thought we need some positive attitude on this board. Here is how Creative report has been summarized in Singapore's most important newspaper, The Straits Times. I think is much better than Reuters report. Creative reports 32% rise in net earnings Reports by Tammy Tan CREATIVE Technology continued its good performance when it reported a 32 per cent increase in second-quarter net earnings to US$75 million yesterday. Group revenue for the three months to Jan 2, was marginally higher at US$395 million (S$687 million), compared to US$386 million achieved during the same period in the previous financial year. In the first quarter, Creative chalked up an impressive 252 per cent jump in net earnings to US$51.6 million, bringing the total for the first six months to US$126.6 million, up from US$71.6 million. The second-quarter net earnings of US$75 million, however, excluded some one-time write-offs for the acquisitions of US-based soundcard-maker Ensoniq Corp, US speaker maker Cambridge SoundWorks, and NetMedia, a unit of US-based multimedia company Opti. If included, the write-offs, totalling US$60.3 million, would slash the group's income after taxes and minority interests to a mere US$14.7 million, down sharply from US$56.9 million in the previous corresponding period. Earnings per share would also amount to only 15 US cents, down from 64 US cents. Following the acquisitions, Creative said it would amortise US$50 million worth of "goodwill" over the next two to five years. Describing the group's performance as "impressive", Creative chairman and chief executive officer Sim Wong Hoo said this had been achieved under very "trying macroeconomic conditions". "I believe our financial results were particularly impressive given the macroeconomic issues in Asia. For example, our revenue this quarter, excluding Asia, grew by 11 per cent compared to last year." Regional sales dropped 28 per cent during the period under review, contributing 16.5 per cent to total revenue compared to 23.3 per cent in the same period last year. Sales from America contributed 43.6 per cent, marginally higher than before, while share of revenue from Europe rose 5.7 percentage points to 39.9 per cent. The economic slowdown in Asia resulted in a mere 2 per cent sales growth, compared to 11 per cent had the region been excluded. For the first six months, Creative chalked up sales of US$682.8 million, up from US$670.1 million in the corresponding quarter last year. Despite the slowdown, Mr Sim remained optimistic. Notably, the group's three acquisitions would give it "additional strengths in attacking key, high-volume, high-growth markets, particularly the sub-US$1,000 personal computer and the notebook computer segments", he said.

To: prakash who wrote (8928)	1/25/1998 11:36:00 AM
From: CHIP HUNTER	Read Replies (1) \| Respond to of 13925

prakash I read from someone on this thread that first call and nelsons estimate were .80.... If you want to find it go back and reread the messages. Also message#8853 said IBD says CREAF missed by a penny!! Now if Zacks was .77 and IBD says they missed it by a penny it had to be nelsons or first call didn't it prakash. Would someone please post first call and nelsons mean estimates please??

To: prakash who wrote (8928)	1/25/1998 12:41:00 PM
From: virgil vancleave	Read Replies (3) \| Respond to of 13925

chip IS quite nervous and the more he post in a panic to get you all to sell, the more i know that i need to buy more on monday. my opinion only but it appears that since creaf is an asian company, many analysts and fund managers expected them to miss and by a lot. creaf not only made but beat estimates and DID NOT include revenues and/opr profits from their aquisitions (as quoted from the conf call). not only that but sim made some impressively strong statements and may very well carry through on them and take their competition out completely. creaf is well positioned here for the future and ceo states just that. go creaf and good luck