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

To: Ben Beale who wrote (13530)	2/9/1999 1:53:00 AM
From: Ben Beale	Respond to of 13925

Without missing a beat, Breifing.com reports quarterly earnings for Creative Computers (MALL) after yesterday prognosticating that Creative Labs (CREAF) might report lower today.... Do they realize they're talking about two different companies here? Is there anybody IN THERE: <<Briefing.com February 08, 1999, 08:23 Creative Computers, Inc. Reports Record Fourth-Quarter Sales from ongoing operations of $190 million -- up 19% from last year. -- Basic EPS $(.55) -- $.15 excluding investment in uBid. -- Successful IPO of 19.9% ownership of uBid completed, remaining 80.1% intended to be distributed to Creative shareholders. -- Internet sales grew to $36 million -- up 114% from the prior year and 45% from 3rd quarter. -- Out-bound corporate sales for the quarter grew 51% over last year. -- Mac sales continue to strengthen -- up 9% from previous quarter. -- uBid Online Auction generated $24.1 million revenue for the quarter -- up 58% from third quarter. -- uBid registered users increased 91% sequentially in the fourth quarter.>> <<TORRANCE, Calif.--(BUSINESS WIRE)--Feb. 8, 1999--Creative Computers, Inc. ("Creative") (Nasdaq:MALL) announced record quarterly sales from ongoing operations of $190 million and fourth quarter EPS of $.15 excluding its investment in uBid. Including the Company's continuing investment in uBid and uBid's expected non-cash stock-based compensation charge, the Company lost $.55 per share for the quarter. On December 4, 1998, the Company sold 19.9% of the ownership in uBid through an IPO, raising $25 million for uBid's advertising, brand and infrastructure development. The Company intends to distribute to shareholders, subject to the satisfaction of certain conditions, its ownership in uBid by means of a tax-free stock dividend in 1999, but in no event prior to June 9, 1999.>>