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Old 03-31-2007, 04:32 AM
ylloh ylloh is offline
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Join Date: Mar 2007
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Default Creative to report Q3 operating loss of $20million

Bad news, Creative to report Q3 operating loss of $20million. Creative Labs is still not able to pull out of the red for this quarter. Last quarter was good due to $100million payment by Apple. This operating loss is due to lower-than expected sales for Creative products in Asia and the United States, and restructuring charges worldwide relating to cost reduction efforts in the quarter.
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