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

To: Fred Fahmy who wrote (12983)	12/3/1998 2:08:00 PM
From: burn2learn	Read Replies (3) \| Respond to of 13925

fred, You have to give creaf a chance. Just like there is an art to investing there must be an art to buying shares back. They are new to the game and are most likely taking a conservative approach. While this might not be great short term it is the long-term perspective they see. I don't believe in the "prove to the street" hype. Creaf must do what is right for creative not the street and hope the street comes to them. Ask yourself how did creaf get the cash to buy the shares back in the first place. It is because they are financially responsible! You see yourself what happens when creaf does not buy. We know this is a rare opportunity for creative to buy many shares in a short period of time. What would be accomplished other than the reduction of shares and the hope that "the street" is happy with them. This is risky! A time will come very soon where creaf will not be able to buy shares as leisurely as now. I think creative would want the stock to support itself and to add buying power as a protection in volatile times. Not wanting to be the source of daily volume. If creative drove the price up during the month higher than the perceived market value, the stock would likely fall back down. Creative would waste money and would create even a higher disrespect with us shareholders, as they would be perceived to by not supporting the price as promised. Creative imo wants the stock to price itself, maybe the qtr is a blowout, why would creative buy shares if they think the stock will go up? Creative gets the same results without the cash depletion, and thus has more cash for defense and growth opportunities. The bottom line is a higher stock price, and if they can achieve this with minimum cash depletion ...fine! mike

To: Fred Fahmy who wrote (12983)	12/3/1998 2:11:00 PM
From: Dennis G.	Respond to of 13925

I guess today is a perfect example of the market's disdain for this stock. Practically the whole PC industry is looking strong on this news: cbs.marketwatch.com Yet it does nothing for CREAF's price. I guess they don't think they are part of the industry. Thank God CREAF is buying at this level, otherwise my guess is it would be down to about 14. But if all they do is hold it here till the 18th, then it will probably nosedive then. If they were willing to buy more and support a higher price now, I think it would at least stay around this level during the quiet period. But Sim appears to be more interested in getting his $10 million tax-free windfall than in supporting a higher price for the shareholders. Dennis