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

To: eugene salazar who wrote (9054)	1/27/1998 2:00:00 AM
From: BZOOKA	Read Replies (1) \| Respond to of 13925

Reason for fall: Oppenheimer cuts estimate; Oppenheimer says result below street estimates of .80 Analyst Lenny Brecken says revenue from Asia declined 28% and caused revenues to be 8% below estimates.Says Management's cautious comments regarding flat growth for 3 Q will likely cause street expectations to be reduced going forward. Cuts estimates 1998 from $2.43 to $2.33 and 1999 from $2.63 to $2.51 and MAINTAINDS HOLD rating. Somebody tell this IDIOT even at $2.33 the PE is not justified. Good Luck