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

To: Richard Haugland who wrote (13433)	1/29/1999 5:53:00 PM
From: Gopher Broke	Read Replies (1) \| Respond to of 13925

My initial reaction was to ask why CREAF didn't buy back more than 4% of the shares. But then, when you look at the chart for last Nov/Dec the shares were rapidly up to $18 as soon as the buyback kicked in. CREAF bought at an average of $16.43. Buying more at over $18 (when they can now spend a whole year buying at $18 :o) would not have made sense. I suspect that we will see some near-term selling on the "no future for sound cards" premise, but I am hoping that CREAF will step in to soak it up and then move to buying at just under $18 again pretty soon. Still making tons of real money. Go Creaf!

To: Richard Haugland who wrote (13433)	1/29/1999 6:03:00 PM
From: Gopher Broke	Respond to of 13925

EPS should be 2 cents higher! If you read through the lines CREAF points out that the report does not really take into account the 4% shares bought back in December because it uses Average Shares Outstanding. But the buyback happened throughout the first two weeks in December. So I estimate the actual shares outstanding is close to 3% lower than that used in the report and a true EPS would be 0.64*1.03=0.66 cents. Well I'm convinced anyway!