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

To: BZOOKA who wrote (12603)	10/29/1998 6:58:00 PM
From: Brian Lempel	Read Replies (1) \| Respond to of 13925

BZOOKA, this is just so beautiful! All this time, we have been waiting for the 4th quarter for things to turn around. Well, here we are! And the best part is that we know wherever we end up on the 6th will pretty much be the low unless there is major selling pressure. Brian

To: BZOOKA who wrote (12603)	10/29/1998 7:16:00 PM
From: Brian Lempel	Read Replies (1) \| Respond to of 13925

ML research highlights: EPS lowered for '99 from $2.14 to $1.93. '00 from $2.44 to $2.31. No changes in recomendation. Undervalued by any valuation method. They believe that buyback will put a floor on price "at these levels." They point out inconsistancies in their guidance, which parallels previous guidanec, yet seems unattainable given current margins, etc. ML is confused... They lowered next Q guidance to $.69...around where we figured. They base this on a buyback of 4 million shares by the end of the year. Diggin into this, 4 million shares in less than two months would be like 100K a day. Pretty nice! Brian

To: BZOOKA who wrote (12603)	10/29/1998 9:51:00 PM
From: Dennis G.	Read Replies (2) \| Respond to of 13925

I'll have to admit, the last two days have been way better than I expected, but not undeserved. This is not a Cienna or internet style speculative, hype, rumor filled, panic buying frenzy. It's orderly and there is good reason for it. And ordinarily I would also expect a strong pull back. But CREAF is in uncharted waters now with the imminent buy back. No one knows what this will really do to the price. But I know one thing. CREAF does not believe by any means that this is a "fair" price. They will gladly buy all they can at this price and higher. They are not trying to make a quick buck by trying to buy cheap and dump later. They will be retiring the stock. I feel they must want a higher price as a badge of respect they feel they are due. I think Sim and the rest must feel the recent dumping of their stock is a direct insult to them and their company. That's the way I would feel. For the first time ever, they have a chance to do something about it. I also feel another thing should be recognized. For the past couple of quarters it seem like everything that could go wrong did go wrong, including some of their own screw ups as well as things that were out of their control. Yet in spite of that and it spite of clearly ugly times for virtually the entire tech sector, they still were strongly profitable! They put nearly another $40 million in the bank. How many other companies in their sector can claim that? In fact, how many tech companies can claim that? That should be worth something to people who value consistency. This company is a well run, money making machine. And I haven't seen any sign of that changing significantly soon. But the market seems only fixated on "top-line" growth, even if they are losing gobs of money. That's how you get these insanities like AMZN. Makes no sense to me. I always thought a company's job was to make money. I'll admit I have not always thought the best of Mr. Sim and his gang. But they have definitely accomplished something in my eyes anyway. Good job. But please Mr. Sim, no "wowing" announcements anymore. Dennis