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

To: jgideon who wrote (13692)	4/17/1999 12:50:00 PM
From: Marc	Read Replies (1) \| Respond to of 13925

<<So, thanks for the find, but I'm still looking for a compelling reason for Friday's action. >> Please let me know if you find that compelling reason ;-) Intel Says Creative Technology Not Affected by Latest Products Singapore, April 17 (Bloomberg) -- Intel Corp.'s new computer microprocessors won't affect Creative Technology Ltd., the world's biggest computer sound card maker, the Singapore Straits Times newspaper reported, citing Intel Chief Executive Craig Barrett. Creative and other card makers would add more capability to Intel's products, and Intel's processors and sound and graphics cards could co-exist, the paper quoted Barrett as saying. In August 1997, Creative Chief Executive Sim Wong Hoo singled out the 1999 products of Intel, the world's largest maker of chips for personal computers, as its biggest upcoming threat. Creative's shares have fallen 6.4 percent this year, compared with a 27 percent gain in the benchmark Straits Times Index, on concerns profit and sales would be hurt by economic problems in Asia and South America.