Creative Technology

Creative Technology

Postby iam802 » Wed Aug 06, 2008 5:21 pm

CREATIVE ANNOUNCES Q4 FY08 FINANCIAL RESULTS

http://info.sgx.com/webcoranncatth.nsf/ ... penelement
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Note: Financial Results are in USD

Key Points:

1. Revenues for the fourth quarter were $139.5 million, compared to revenues of $165.2 million
for the same quarter last year. Revenues for the 2008 fiscal year were $736.8 million,
compared to revenues of $914.9 million for the previous fiscal year.

Note : (Previous year include $100m paid-up from Apple, still revenue is lower if we exclude the $100m)


2. During the fourth quarter, Creative completed its previously announced sale and leaseback of
the Creative Resource building in Singapore. The sale price for the transaction was S$246.8
million (US$181.4 million), with a leaseback of the whole building for a period of five years
with an option for additional periods of three and two years. Creative made a gain on the sale
of the property of US$147.9 million from this transaction. In accordance with US GAAP, this
amount is treated as a deferred gain and will be amortized and recognized in the Company's
Income Statements over the lease term of five years.

-----------------------
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Re: Creative

Postby millionairemind » Mon Aug 25, 2008 7:21 pm

Creative Launches New Sound Blaster X-Fi Go!
Creative Technology, a worldwide leader in digital entertainment products, introduced the Creative Sound Blaster® X-Fi™ Go!.

Approved by Championship Gaming Series™ and tested by world-renowned gamer Johnathan “Fatal1ty” Wendel, the USB powered Creative Sound Blaster X-Fi Go! uses the acclaimed X-Fi Xtreme Fidelity™ audio technology to let users experience ultra-realistic gaming with surround sound over headphones.

It delivers compelling audio performance for the enjoyment of music, movies and games on the move.
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Re: Creative

Postby kennynah » Mon Aug 25, 2008 8:37 pm

only if they had just kept their focus on sound cards...sigh....
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Re: Creative

Postby iam802 » Tue Oct 28, 2008 11:34 am

Creative Announces Q1 FY09 Financial Results

http://www.creative.com/corporate/inves ... elease.pdf


Revenues for the first quarter were $141.2 million, compared to revenues of $184.6 million for the same quarter last year.

Net loss for the first quarter was $32.2 million, with loss per share of $0.42, including a net investment loss of $8.8 million and $8.1 million of other losses primarily related to foreign exchange in the period. This compares to net income of $1.3 million with earnings per share of $0.02 including a net investment gain of $4.4 million for the same period last year.
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Re: Creative

Postby LenaHuat » Tue Oct 28, 2008 2:04 pm

Hi iam802

I'm surprised this ticket is still in your log :lol:
Please be forewarned that you are reading a post by an otiose housewife. ImageImage**Image**Image@@ImageImageImage
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Re: Creative

Postby iam802 » Tue Oct 28, 2008 2:12 pm

no...it is not.

I happen to be reading another report..and right below it mention about Creative.

So, just treating this as a community service :)
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Re: Creative

Postby blid2def » Tue Oct 28, 2008 2:21 pm

Eh... how many quarters / halves / years have Creative been bleeding now?
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Re: Creative

Postby millionairemind » Sat Jan 03, 2009 10:37 am

published January 3, 2009

2,700 Creative jobs axed in last fiscal year
Company says bulk of cuts is due to the sale of a Malaysian manufacturing subsidiary in 2007

By ONG BOON KIAT

CREATIVE Technology culled its workforce by almost half in FY2008, an annual filing by the company on the eve of 2009 has revealed.

The MP3 player maker slashed its headcount by 47 per cent - or 2,700 employees - in the 12 months ended June 30, 2008.

A Creative spokesman said yesterday that the cut was largely due to the sale of Cubic Electronics, Creative's manufacturing subsidiary in Malaysia, to a group of investors in July 2007.


'In Singapore, there is no significant change in our overall employment figure,' the spokesman said. In fact, the company is 'still looking to hire R&D engineers'.

At end-June 2008, Creative had some 3,100 full-time employees, compared with 5,800 a year earlier, the company said in a Form 20-F it filed with the Singapore Exchange on Wednesday.

'In Singapore, there is no significant change in our overall employment figure.'
- Creative spokesman

Form 20-F is a US Securities and Exchange Commission form used by foreign companies to file annual reports.

In the statement, Creative said that 'its future success will largely depend upon its ability to continue to attract, retain, train and motivate highly skilled and dedicated employees'.

Its employee relations 'are good' and it 'has not experienced any work stoppages in the past', it said.

In June 2008, 79 per cent of Creative's staff were located in Asia, 9 per cent in the Americas and 12 per cent in Europe.

In terms of job functions, 33 per cent of staff were in manufacturing, 18 per cent in selling, marketing and customer support, 36 per cent in R&D and 13 per cent in administrative and other roles. None of Creative's employees is represented by a labour union.

The Singapore-grown tech giant has been fighting slipping profits and waning sales in recent times.

It incurred a net loss of US$31.7 million for the fourth quarter of FY2008 - its biggest loss in nine quarters. And it closed FY2008 with a full-year net loss of US$19.7 million on sales of US$736.8 million.

Following that, it posted a Q1 2009 net loss of US$32.2 million. And it issued a downbeat sales forecast for its customarily bullish holiday year-end season - a Q2 revenue range of between US$140 million and US$160 million.

Creative shares closed five cents lower at $4.25 yesterday.
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Re: Creative

Postby kennynah » Sun Jan 04, 2009 9:46 am

shouldnt the title of this thread be Creative Technology, which is the formal name of this listed company?

when i opened this thread, i was expecting some creative thoughts/ideas/concepts/arts...etc....sakarly...it is sim wong hoo's setup 8-)
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Re: Creative Technology

Postby iam802 » Sat Jan 17, 2009 10:50 pm

a very low key Press Release from Creative.

and this Zii was previously 3DLabs (rebranded!!)

I have to admit that I cannot understand or visualise where this Press Release (or product) is bringing us.

It does not seems to be presented clearly.

----
Creative Launches the Zii Platform and Ushers in the Era of StemCell Computing

http://uk.europe.creative.com/corporate ... ?ref=13044


Creative Forms ZiiLABS and Ushers in the Era of StemCell Computing Where Nano-Sized Super Computing Will Be Available in Our Daily Lives through Flexible, Tiny, Powerful and Scalable SoC
CES, Las Vegas, Nevada, U.S.A. - Jan. 8, 2009 — Creative Technology Ltd. today announced the formation of ZiiLABS™ (a wholly owned subsidiary of Creative), with the combination of 3DLABS — which has a 25-year history as a leading innovator in programmable graphics, media and applications processing — and resources drawn from the largest product group in Creative, the Personal Digital Entertainment group.

The formation of ZiiLABS, the launch of the new ZiiLABS ZMS-05 SoC (System-On-Chip) and the new Ziiâ„¢ Platform today usher in the new era of StemCell Computingâ„¢. The new ZiiLABS ZMS-05 SoC (System-On-Chip) will be unveiled and demonstrated from January 8-11 at the Consumer Electronics Show, South Hall booth #30651.

“We have invested a billion dollars and 10,000 man years of R&D effort over the last 25 years in platform solutions,” said Sim Wong Hoo, chairman and CEO of Creative Technology Ltd. “The combination of the technology from 3DLABS and the product development prowess of our Personal Digital Entertainment group delivers a complete, powerful and energy efficient platform with a very rapid time-to-market for our partners - the Zii Platform.”

“We now look to shaping the future of computing with the introduction of the integrated ZMS-05 media-rich processor, and ushering in the new era of StemCell Computing where we will bring the incredible benefits of nano-sized super computing right into our daily lives,” said Hock Leow, president of ZiiLABS.”

This StemCell approach has benefits in terms of:
Flexibility — Utilizing a breakthrough technology comprising of programmable Processing Elements (PEs) which are basically Software Defined Silicon
Scalability — 10Gigaflops to Petaflops (1015 floating point operation per second)
Energy Efficiency — Huge processing power of the ZMS-05 SoC enables it to perform more in less time, equating to low power consumption
Complete Solution — Ready-for-Market Zii Platform Solutions

Unlimited Flexibility

Stem cells are the basic building blocks of life, possessing the unique ability to develop into the specialized cells and tissues required by organisms to function effectively. Inspired by this concept, the ZMS architecture uses an array of media-optimized Processing Elements (PE) as its stem cells that can instantly develop into any of the specialized acceleration functions required of today's media rich devices and offering advantages in terms of flexibility, performance and features when compared to the fixed function silicon blocks traditionally used in SoC designs.

Incredible Scalability

The scalability of the ZMS architecture is highlighted in the first Teraflop Accelerator with the footprint of an A4-sized sheet of paper, consuming less power than a desktop PC. By utilizing the virtually unlimited chaining capability of the ZMS chips, a state-of-the- art ‘hypercomputer' with many Petaflops of processing power can be realized, which can be 100 times smaller, 100 times greener and 100 times lower cost than conventional super computers.

High Energy Efficiency

Due to the compute density of each Processing Element, the ZMS-05 SoC is able to do an immense amount of media processing in far less time — and with far less energy — than taken by standard processors; which translates into longer battery life. Intelligent power control means the speed and power consumption of the processor can be matched to the task in hand and unused features can be turned off completely, put in deep stand-by and reactivated instantly after weeks of shut down, helping to lengthen battery life even further.

Complete Zii Platform Solutions

The ZMS-05 processor combines the media processing array, dual ARM cores and a rich set of integrated peripheral controllers with hardware platforms and advanced SDK and middleware. This will enable Software Developers, OEMs, ODMs and System Integrators to create unlimited possibilities and develop a broad range of highly innovative products.

ZiiLABS Launch Partners

With the excitement about the ZiiLABS platform now public and the ZMS-05 in production, the Company is pleased to be working with many OEM partners worldwide announcing products based on ZMS including: MicroStar International, Perception digital, F&S Electronic, MediaNet, ASTAK, PowerLinux and Grandeye.

For more information, please visit www.Zii.com

About ZiiLABS

ZiiLABS is a worldwide leader in media-rich application processors, hardware platforms and advanced middleware. Its products enable OEMs, ODMs and system integrators to deliver industry-leading devices across a broad range of consumer electronics and embedded markets. Originally founded in 1994 as 3DLABS, the company re-branded and joined with the Personal Digital Entertainment group of Creative Labs to form ZiiLABS in January 2009. ZiiLABS with over 800 R&D engineers today has invested US$1 billion and 10,000 man years in media processing solutions and has offices in the UK, China, USA and Singapore.

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2. The trend will END but I don't know WHEN.

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