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

To: Doug Fowler who wrote (11558)	6/8/1998 11:23:00 PM
From: Fred Fahmy	Read Replies (2) \| Respond to of 13925

Doug, <If anybody believed their rosy projections, this stock would be WAY higher.> The problem is that the "rosey projections" weren't for this quarter but starting next quarter and more significantly in the Christmas quarter (CREAF's 1999 2Q). This quarter is exposed because of the slip in SBL. The estimates reflect that somewhat but perhaps they aren't low enough. If after this quarter Sim repeats guidance of 20-25% for fiscal 99 and the stock is still in the doldrums it will be safe to conclude that WS simply doesn't believe CREAF's guidance. FF

To: Doug Fowler who wrote (11558)	6/8/1998 11:48:00 PM
From: Dennis G.	Read Replies (3) \| Respond to of 13925

The enigma of CREAF. I haven't a clue as to what the market is expecting for them. It must be way below estimates. I don't even know why they are so fixated on this quarter. I thought the market was supposed to look out 6 months to a year. And I don't know what the function of these analysts is if nobody is going to believe them. What a waste of time. I don't think that the big money even cares how much money CREAF makes this year. It appears that they've just written off this entire "multimedia" concept as bogus. And this Ng filing to dump the rest of his shares has certainly scared a lot of buyers out. Which leaves me to wonder why he bothered to file. He's an outsider and he was under 5%. He didn't have to file. So why did he do that? Talk about shooting yourself in the foot. It seems that this stock and this company is a big joke to the big money managers. I bet they're all getting a good laugh over it. Maybe they all made a 1 dollar bet (like in Trading Places) to see how low they could drive it and see whether anyone did believe these analyst numbers. Dennis

To: Doug Fowler who wrote (11558)	6/11/1998 10:31:00 AM
From: Doug Fowler	Read Replies (1) \| Respond to of 13925

Well, we NOW know what everyone else already knew about this stock. Forget about anemic growth. This company is now reporting a 10 percent drop below a year ago, plus significantly lower margins. And they have the NERVE to maintain their estimates for next year! That is the absolute biggest piece of BS I have seen in a VERY long time. And for anyone to say that the market had factored in lower results for this quarter -- well, SOME people had, but today's big drop shows that a lot of people did not. I no longer have a scintilla of patience for this joke. I am probably more fortunate than most that I have run away from this stock from last year's purchase of $13. However, I feel the pain because I lost more than 50 percent from its high of $29. (At least I won't have to pay the IRS on this one.) And Vanni: Congratulations on your call. However, your RUBBING everyone's noses in the dirt on such an already painful day shows that you have a long way to go in the class department. --Doug Fowler