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


To: Richard Haugland who wrote (12004)8/10/1998 10:54:00 PM
From: Marc  Respond to of 13925
 
Creative, Aureal duke it out in PC audio market

newsvest.com

By the way the company who opererate this website (OTCBB:AXXS) is trading under 1$, bizarre, and they offer a lot of good things.

I hope that Creative continue to stay focus on there goals. I really like the CC, but on the other hand i've also liked the last one so...

Marc



To: Richard Haugland who wrote (12004)8/11/1998 1:36:00 AM
From: Richard Haugland  Read Replies (1) | Respond to of 13925
 
Creative mirrors gains on Nasdaq

SINGAPORE, Aug 11 (Reuters) - Multimedia firm Creative Technology Ltd, which reported weaker-than-expected earnings on Friday, led gainers on Tuesday as it mirrored overnight gains on Nasdaq, dealers said.

The shares hit a high of Singapore $19.40 before easing at 0300 GMT to trade at S$18.80, up 50 cents.

''It is moving along with its Nasdaq counterpart,'' said a dealer with a local securities.

On Monday, Creative shares ended half a cent up at US$11.00 on Nasdaq.

On Friday, the group reported disappointing 1998 results of US$134.8 million versus US$167 million previously. Creative also lowered its revenue projections for fiscal 1999 to between five and 15 percent from an earlier forecast of 20 to 25 percent in a conference call with analysts.

Analysts' recommendations, following its revenue revision, were mixed.

Some called for a sell as it would ''underperform'' while others called for no action as the stock had already taken a beating on Friday after its results.

Creative shares plunged S$1.70 to end at S$18.70 on Friday.

biz.yahoo.com