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

To: Fred Fahmy who wrote (12685)11/8/1998 9:35:00 PM
From: JP Sullivan  Respond to of 13925
 
<Actually, I'm still kind of in shock regarding this news. I'm pretty confident that this is one of the last things most CREAFers expected, especially at this juncture.>

I'm ambivalent about this announcement. Conventional wisdom has it that a company pays cash dividends when it has nothing better to do with the money (like invest it to earn a higher return). Does this move suggest that Creaf has run out of more profitable things to do with its cash pile? I hope not. Perhaps there is a capital gain tax on the sale of stocks in Singapore, and paying out dividends that are tax-exempt is one way to reward long-suffering stockholders there.

Winston



To: Fred Fahmy who wrote (12685)11/9/1998 1:36:00 AM
From: Dennis G.  Read Replies (1) | Respond to of 13925
 
I just got back on the thread and saw the news. I feel just like you, I'm in shock. A dividend? Where the hell did they dream this up? This is the last thing I expected. I sure don't get it. What do they think this does for them?

I sure hope it doesn't effect the buy back plans. One thing to remember, every share they buy back is 50 cents less in pay out.

Dennis


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