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

To: c. carlson who wrote (13683)	4/16/1999 10:55:00 PM
From: Savoirman	Read Replies (2) \| Respond to of 13925

Here's my take: Funds underweight in Asia (and there are loads of them) are just rushing to load up now that Asia seems to be near a recovery. Creative is a big laggard and valuations are ridiculously undemanding and the balance sheet is spanking strong (heck, it looks like a dream compared to most Asian banks, real estate companies, conglomerates, industrials, etc etc). Creative is in all major Asian indices and I would not be surprised if someone noticed that it was still trading in single digit PEs and decided to load up while the rest of the market still fretted about a few cents on April 27th. The point is a lot of funds have already loaded up on Asian stocks in the last few weeks, and these are very indiscriminating funds which want exposure to Asia at any cost and have driven up real valuations (i.e. based on earnings from continuing operations) sky high. The slower funds are now scratching their heads whether to drive already very overvalued stocks to outer space, and then they see Creative ... hmmm, company is in a transition to internet/Pdex, just launched MP3 player, still making loads of money but some problems with revenue growth ... heck, it's super cheap and very sound financially and gives wonderful exposure to Asia where it's needed ... BUY like hell!! This may not be over by a long shot. Least that's what I'm hoping ...