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

To: Ben Beale who wrote (12991)	12/4/1998 8:55:00 AM
From: Gopher Broke	Read Replies (1) \| Respond to of 13925

Ben, The Dec 17.5 is a calculated risk, primarily based on the simple fact that Creaf have approval to buyback 9 million shares and the opportunity to do so ends on Dec 18. We are all agreed, I think, that the shares are undervalued at present, so Creaf should continue to buy at these levels and beyond. So, however slowly they are doing the repurchasing, I am guessing that their continual buying will force the price up a point or so in the next two weeks. Incidentally, IMO Creaf are handling the buyback responsibly and in the interests of long term investors. (Dec calls notwithstanding I remain primarily a long term investor in the stock). It would just not be good business to throw cash at the shares, dumping it into the pockets of the speculators while the longer-term longs just see a blip in the chart as the cash is gobbled up.