Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: stun who wrote (12055)	8/19/1998 10:16:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 13925

Creative Technology Shares Rise 1.2% on Sales Outlook (Update1) Bloomberg News August 19, 1998, 5:47 a.m. ET Creative Technology Shares Rise 1.2% on Sales Outlook (Update1) (Updates share prices.) Singapore, Aug. 19 (Bloomberg) -- Creative Technology Ltd.'s shares rose 1.2 percent as it was seen as cheap compared with potential earnings. Singapore-based Creative, which makes computer cards that improve the sound quality of computer games and programs, rose 20 cents to close at S$16.40. The stock earlier rose as much as S$1.10, or 6.8 percent. ''Christmas sales should be good, and their audio products are doing well in the U.S. and Japan,'' said Pearly Yap, an analyst with SG Securities Pte. Yap said she is considering raising her recommendation on the stock from ''sell.'' Still, there are concerns that Creative's graphics card business is not doing well, and that sales of its new product line, ''SoundBlaster Live'', which is targeted at the high- performance market, might fall short of the company's target, Yap said. Creative shares closed at S$16.20 yesterday, their lowest level since April 3, 1997. The stock was unchanged yesterday at 9 1/2 on the Nasdaq in the U.S. --Dharmo Soejanto in the Singapore newsroom (65) 438- news.com