Thursday, October 28, 2010

CREATIVE Technology

CREATIVE Technology: Continued its loss making operations as 1Q11 loss of US$3.6m widened three-fold YoY vs 1Q10’s net loss of US$1m due to higher R&D costs and lower sales of grp’s music and video players. R&D expenses rose 13% in Q1 as grp ploughed more investments into new 'strategic' areas….

Grp said mkt for existing stable of products 'remains difficult' and expects to suffer an operating loss in the current quarter.

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