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

To: Marc who wrote (13023)	12/6/1998 2:30:00 PM
From: Gopher Broke	Respond to of 13925

Marc, Do you have any more info on the MP3 player? I couldn't find anything else on it. How come Creaf are releasing photos of the new baby but they do not mention it on any of their web sites? What is the official name for it? (The photo is too blurry for me to make it out. Is it "Digital Media Player" or something like that?) The article mentioned that the Diamond law suit is settled. Is the MP3 market open now? Any predictions on when Creaf start shipping? Shame it didn't make Christmas - I need a new toy.

To: Marc who wrote (13023)	12/6/1998 11:33:00 PM
From: Marc	Respond to of 13925

Dec 6 1998 6:14AM - Bloomberg News Singapore Authority Outlines Tax Details on Share Buybacks Singapore, Dec. 6 (Bloomberg) -- The Inland Revenue Authority of Singapore has said that companies which buy back shares will be regarded as paying a dividend to the shareholders, the Singapore Straits Times reported, citing a statement from the revenue authority. This is because a company can only buy back its own shares using its distributable profits under the amendments to the Companies Act, which took effect on Nov. 18. The tax treatment of shareholders in a buyback will rest on whether the shares were bought in the open market or off the exchange, and in an open market buyback the trades will be treated like a normal share disposal -- where if the proceeds are taxed or not will depend on whether they are income or capital in nature -- while, if the shares are sold back in an off-the-exchange purchase, the amount that shareholders receive will be treated as a dividend, the paper said. Some of the biggest companies on the Singapore exchange, including Singapore Telecommunications Ltd., Creative Technology Ltd. and Singapore Airlines Ltd. have already expressed interest in returning excess cash to shareholders and some have already started buying back their shares. (Straits Times, 12/06, pg. 95,http://straits-times.asia1.com.sg) --M. Shankar in the Singapore newsroom (65) 438-8519/msh Story illustration: STI GP to graph the performance of the benchmark Straits Times Index Category news: NI STK Stocks NI EXC Exchange NI COS Companies NI BBK Buybacks NI SCR Securities NI SUM Media summaries Company news: SPH SP