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Creative Technology halts output of CD-ROM drives

Article Abstract:

Singapore's Creative Technology Ltd. will stop manufacturing CD-ROM drives on its own due to persistent production and inventory problems and the current volatility of the market. The company expects to rack up $30 million in charges from inventory adjustments and the winding up of manufacturing operations. This amount will apply to the quarter ended June 30, 1996 and will therefore reflect a considerable loss for the company for the fiscal year ended the same day. Creative has entered a joint venture with Samsung Electronics to produce 12-speed CD-ROM drives.

Computer Storage Device Manufacturing, Memories & Storage Devices, Computer storage devices, Creative Technology Proprietary Ltd. (Singapore)

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Singapore's Creative Technology struggles to reverse slide

Article Abstract:

Singapore-based Creative Technology Proprietary Ltd. is struggling to regain its profitability in the face of a continued decline in its stock values. Meanwhile, investor confidence in the company continues to wane, especially after the resignation of Creative Technology co-founder Ng Kai Wa. However, Creative Technology officials dismissed such concerns and stressed that the the company's renewed viability may lie in the development of a new videoconferencing technology.

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Singapore's Creative Technology drops pursuit of reveal to comfort investors

Article Abstract:

The proposal to purchase Reveal Computer Products for $65 million by Creative Technology Ltd. has been discontinued due to a negative response among investors. The computer industry was surprised with the proposed acquisition and were worried on what it would do to Creative's rival Aztech Systems Ltd., which had a stake in Reveal. Share prices for Creative rose when news of the proposal came out.

Electronic computers, Computer Auxiliary Equip, Computer and Peripheral Equipment Manufacturing, Microcomputers, Computer industry, Mergers, acquisitions and divestments, Reveal Computer Products Inc.

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