Creative Technology

Re: Creative Technology

Postby winston » Thu Mar 22, 2018 2:45 pm

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March 2, 2018

This Stock Promises to Transform the ‘Human Listening Experience’

At S$4.35 ($3.29), that’s still far from its record high of S$64 attained in 2000, when it had a market cap of S$5.2 billion.

If the product gains just 0.5 percent share of the global headset market in 2020, Creative would gain revenues of $232 million, Sachin Mittal, an analyst at DBS Group Holdings Ltd. wrote in a note.


Source: Bloomberg

https://www.bloomberg.com/news/articles ... yptr=yahoo
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Re: Creative Technology

Postby winston » Wed May 16, 2018 3:36 pm

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May 10, 2018

3Q 2018 Results

Sales: -6%

http://infopub.sgx.com/FileOpen/Q318Ear ... eID=505019
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Re: Creative Technology

Postby behappyalways » Thu Jun 14, 2018 12:45 pm

Creative posts 19% drop in 3Q earnings to $5.1 mil
https://www.theedgesingapore.com/creati ... ngs-51-mil


Creative awarded additional US$2.3 mil in damages as Court tosses out Huawei appeal
https://www.theedgesingapore.com/creati ... wei-appeal
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Re: Creative Technology

Postby winston » Tue Jun 19, 2018 4:20 pm

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Creative Live Streams Super X-Fi with 100s of Popular Live Streaming Influencers at Computex Taipei

Tens of Millions of Fans Will Soon Experience This Life-Changing Audio

http://infopub.sgx.com/FileOpen/Creativ ... eID=507986
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Re: Creative Technology

Postby winston » Thu Jul 19, 2018 2:11 pm

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May 25, 2018

Update on legal proceedings against Huawei in Singapore

– Court of Appeal allows Creative’s Appeal for additional damages and dismisses Huawei’s Appeal

The CA ordered that Huawei pay the Company and QMax an additional sum of approximately S$2.3m (in addition to the amounts previously awarded by the High Court of US$9.3 million and S$15.6 million with interest).


http://infopub.sgx.com/FileOpen/Creativ ... eID=507397
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Re: Creative Technology

Postby behappyalways » Fri Sep 28, 2018 5:44 pm

Creative in Top Gainer list after Super X-Fi amp online sales boast

By PC Lee

SINGAPORE (Sept 27): Creative Technology was third on the Top 20 Gainers list this morning, rising 23 cents or 3.7% to $6.45 with 1 million shares traded.

In a filing last night, Creative boasted it sold 600 units of its newly-launched Super X-Fi amp headphone amplifier in the first 20 minutes after its sxfi.com online store went live at 6.34pm on Monday.

Priced at $219 including tax, Creative CEO and co-founder Sim Wong Hoo said he was “truly blown away by the initial whirlwind sales reaction to the launch”.

“The confidence that folks out there have in the revolutionary Super X-Fi technology is truly heartening,” said Sim, “And the sales period took place in the evening when people were busy commuting home from work.”

Worldwide delivery the Super X-Fi amp is expected to commence in November.

Year to date, shares in Creative are up 486% to $6.45.

Source: The Edge

https://www.theedgesingapore.com/creati ... ales-boast
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Re: Creative Technology

Postby winston » Mon Oct 29, 2018 11:50 am

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Creative’s Super X-Fi® US Sales To Begin

After Successful Singapore Launch with Over 99% Satisfied Customers

US Pre-orders Begin 1st November 2018 After SXFI AMP Launches in Singapore with Thousands of Early Customers Blown Away and a Bevy of Rave Reviews from Major Mainstream Media and Tech Reviewers

http://infopub.sgx.com/FileOpen/Announc ... eID=531186
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Re: Creative Technology

Postby behappyalways » Wed Oct 31, 2018 1:51 pm

Creative Tech sinks into 1Q losses in absence of patent settlement gains
https://www.theedgesingapore.com/creati ... ment-gains
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Re: Creative Technology

Postby winston » Mon Feb 11, 2019 10:46 am

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Creative Technology ($5.40, unchanged) announced that its wholly owned subsidiary, ZiiLabs Inc Ltd, has entered into an agreement with patent aggregator, RPX Corporation (“RPX”) and as a result has settled ZiiLabs’ patent infringement lawsuits filed in the United States in 2017 as previously announced on 03-Oct-17 and 30-Dec17.

As part of this agreement, ZiiLabs will receive payment from RPX and assign the remaining rights in its patent portfolio to RPX.

Creative expects the payment will contribute approximately S$0.35 (US$0.25) of earnings per share to the current quarter ending 31-Mar-19.

Source: Lim & Tan
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Re: Creative Technology

Postby winston » Fri Feb 15, 2019 2:35 pm

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Creative Technology sees bigger US$4.9m loss for Q2 on lower revenue

SINGAPORE - Creative Technology sank deeper into the red for its second quarter ended Dec 31, dragged down by lower revenue.

The group recorded a net loss of U$4.9 million, compared to a net loss of U$4.2 million a year ago.

Turnover decreased 22 per cent to U$16.2 million due to "uncertain and difficult market conditions which affected the sales of the group's products", it said in a Singapore Exchange filing on Thursday (Feb 14).

Gross profit fell 18 per cent to U$4.8 million.

Loss per share came in at $0.07 compared to $0.06 a year ago. No dividend was declared for the quarter.

Creative said that it expects no significant change in the market conditions and overall market for the group's products remains challenging.

Revenue is expected to be lower in this non-holiday season quarter, and the group expects to report an operating loss.

Revenue contribution from Super X-Fi products for the quarter is not expected to be significant to the overall revenue for the group, it added.

In February, wholly-owned subsidiary ZiiLabs Inc settled certain patent infringement lawsuits filed in the US.

"The settlement sum of U$17.9 million will be recognised by the group as other income in the current quarter. This will offset the operating loss and is expected to result in a net profit for the current quarter," said Creative.

Source: Straits Times

https://www.straitstimes.com/business/c ... er-revenue
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