Woes to remain at Creative; analysts aren't expecting a speedy recovery

Article Abstract:

Creative Technology Proprietary Ltd is expected to have flat revenues for the first half of 1999. According to its founder and Pres Sim Wong Hoo, the company's fortunes should improve as it introduces new products for the personal digital entertainment (PDE) field. Sim defines PDE sector as that area where the personal computer rather than the television is the center of entertainment. Analysts, however, are skeptical about Creative's ability to replicate the success of its market-leading sound cards and most believe that there may be no upturn in the company's stock for at least a year.

Computer Auxiliary Equip, Computer and Peripheral Equipment Manufacturing, Executive changes & profiles, Management, Computer peripherals industry, Computer peripherals, Securities, Creative Technology Ltd., Company Profile, Sim Wong Hoo

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S.R. Nathan is declared next president, without election

Article Abstract:

S.R. Nathan was appointed president of Singapore without an election after two of the candidates to the position were declared ineligible by constitutional criteria. Nathan will start his six-year term on Sep 1, 1999. He replaces Ong Teng Cheong who declined to run for a second term. Ong cited access problems to needed information as a major reason for his refusal to run again. However, Prime Minister Go Chok Tong denied this and said Ong refused to run again because of health problems.

Executive Offices, Former Presidents & Officials, Political aspects, Appointments, resignations and dismissals, Presidents, Presidents (Government), Ong Teng Cheong, Nathan, S.R.

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Astra sells microchip unit

Article Abstract:

PT Astra International has sold its Batam Island microchip production facility to a group of private investors from the US. Astra sold the factory, which is located near Singapore, to the investors for US$90 million. PT Astra Microtronics Technology was sold by Astra to Newbridge Asia. Newbridge is primarily owned by Richard C. Blum & Associates of San Francisco.

Comment:

PT Astra International sells Batam Island microchip production facility to a group of private investors from the US for $90 mil

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Asset sales & divestitures, Facilities & equipment, P.T. Astra International Tbk, Article

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