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

To: Fred Fahmy who wrote (12708)	11/9/1998 9:27:00 PM
From: Brian Lempel	Read Replies (2) \| Respond to of 13925

Fred, what evidence do you have that the buyback isn't already signed. To the best of my knowledge, this has just been BS posted by fools on the yahoo boards like MLFer to somehow justify their precious stock not going up in the past two days. If you have evidence in print that the prez is holding things up, then more power to ya. Otherwise, I don't subscribe to this theory... Brian

To: Fred Fahmy who wrote (12708)	11/10/1998 12:51:00 AM
From: JP Sullivan	Respond to of 13925

Fred, The president of Singapore is a figurehead. He does not possess the executive powers of a president in the west, for example the US. The person with the real power in Singapore is the prime minister (some would say senior minister, Lee Kwan Yew, but that's debatable). Since I'm not Singaporean, nor do I live in Singapore, I'm drawing on what I can remember from the literature I've read. Perhaps Savoirman can elaborate further if you're interested. If indeed the buy-back bill has not been signed into law (and I don't know that it hasn't), I doubt very much if the president is to blame. This legal document is presented to him by the government, and I don't think he has the liberty to not sign it. If he should refuse for any reason that is not 150% legitimate, you can be sure there will be a big hue and cry and the man will be replaced. I would go so far as to say that in Singapore the president does the government's bidding and not the other way around. If there is a reason that the bill has not been signed, it's probably some snafu in the bureaucracy; or perhaps he is scheduled to sign it together with a few other bills that are still being debated. Not good explanations, I know, but in the absence of any real news, that's all I can think of. Winston