SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Haugland who wrote (13215)12/31/1998 5:29:00 PM
From: Dennis G.  Read Replies (2) | Respond to of 13925
 
What's this? A ray of sunshine in the dark and gloomy world of CREAF? I think the worm might be turning. In fact, I'm going out on a limb and say that Monday we see 16 and 17 by the end of the week. Tax sellers are finally out of the stock.

1999 should be a better year for CREAF. Can't get much worse. 1998 was a complete bust. Assuming CREAF bought back 5 million shares, they managed to lose over $700 million in market cap or 35% for the calendar year. And this in spite of the fact that they should have earned about $150 million for the year, assuming they made their number this quarter.

Please God, let CREAF see a little reward for a change. They don't deserve perpetual punishment.

Dennis