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

To: Fred Fahmy who wrote (11956)	8/6/1998 11:48:00 PM
From: Dennis G.	Read Replies (2) \| Respond to of 13925

I listened to the CC myself and Sim specifically said they were not looking for any more acquisitions. But he wouldn't rule out any extreme bargains. I don't think TDFX qualifies as a bargain. And as for DIMD, I have already asked IR about that myself and was basically told that they are such direct competitors, and there is such bad blood between them, that a merger is not really possible. Personally, I'm glad they aren't looking. They need to spend the money on their own stock as well as promotion of new products. Note that Sim, when asked about the buy back, said it still looked like year end for Singapore approval, but he also said they were exploring alternatives. I don't know what that means. It was quite clear from the CC that the revenue drop was from audio, and most of that was self inflicted by the delay of SBL. Also, older audio products unit volume was about the same but prices were down. I'm glad they lowered their guidance. Makes them look a little saner and I don't think anyone was believing them anyway. By hitting their lowered guidance, they have reclaimed some of their credibility. So the question is, what does the market expect for an 11 dollar stock with 4.50 in cash and a book value of over 9? Are they going to trash it to under book? Dennis