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

To: Dennis G. who wrote (12776)	11/13/1998 10:24:00 PM
From: Rutgers	Read Replies (1) \| Respond to of 13925

Buyback Strategy and some other ramblings...... Thanks for the update, Dennis. As far as I can tell, they can purchase shares on both the NASDAQ and SES. There's also no question in my mind that they will move the annual sh. meeting to the end of Dec. as compared to the middle of Dec like last year. If the above is true, and I think it is, then even if takes a couple of more weeks for this bill to find its way to the President's desk, they should have enough time to make all the purchases they want. I also don't think the 20% limit will come into play, e.g., stock price = $15 at end of first day simply means that they cannot pay $18 or more for it the next day. The real question is how many shares will they repurchase. Obviously it doesn't take a rocket scientist to figure out that they will not purchase shares regardless of price. By the same token, however, they also know that if they purchase as much as they can within this very limited timeframe, they will send a powerful message to the Street, i.e., Creative may very well continue to aggressively purchase its own stock over the subsequent 12 months over which time they have to purchase the next 10%. When you throw in a dividend, it looks like a pretty attractive proposition to me. Having said all that, where does the stock go from here? Depends on the announcements next Monday and/or Tuesday at COMDEX. Sim is scheduled to address the media on Tuesday. This is typically the time for them to unveil new products. If no new signficant products are introduced, stock will probably not move significantly higher until buyback goes into effect. Bottom line: it is unlikely that many institutions will chose to exit at these fire sale prices.

To: Dennis G. who wrote (12776)	11/14/1998 8:21:00 AM
From: Fred Fahmy	Read Replies (2) \| Respond to of 13925

CREAF article... This links comes care of Thinksmart over on the Yahoo thread. <http://straitstimes.asia1.com.sg/singinc/singinc36_1113.html> Does anyone have access to First Call's mean estimate for 1999? The average estimate of the 14 analysts cited in this article is significantly below Zack's latest mean estimate. I think on the NASDAQ and Wall Street, First Call is the key target to beat. I hope someone can provide this information. Good luck to all, FF