Creative Technology

[valuebuddies]

Interesting to note that Dimensional is 3rd largest shareholder per info from sgx

[specuvestor]

Our dear Mr Sim has failed to move with the times. This is not a good sign for the company's unfortunate stock holders.

Just to share:

"When NUS launched its plan (for NOC, the entrepreneurial college) in 2001, it held up Mr Sim Wong Hoo as the role model.

But Singapore's first information technology multimillionaire whose company, Creative Technology, listed on the United States stock exchange Nasdaq in 1992, sniffed at the idea. Entrepreneurs are born, not made, he said."

- See more at: http://business.asiaone.com/news/start-s...Z8lc3.dpuf

Stuck in a rut indeed.

The govt did not help Sim for his business so Sim had to go US and eventually list in Nasdaq. There was historical bad blood.

The biggest hits were his AWE soundcard and MP3 player. But people forget the chinese language cubic99 which is way ahead of times during the days when people thought learning Chinese was a waste of time.

Ever since their MP3 market was gobbled by Apple, nothing much came up. Creative is no longer creative.

[CityFarmer]

How further can the company sustain? The company is sustaining with divestment(s), but continue to bleed in core biz...

(not vested)

Creative Technology posts widened net losses in FY2015

SINGAPORE (Aug 25): Creative Technology, the digital entertainment products company, posted a 53% increase in net losses to US$33.4 million ($47.1 million) for FY2015 ended June.

Group revenue declined 14% to US$99.5 million, as sales in Asia Pacific, the Americas and Europe fell 13%, 3% and 22% respectively.

The group recognised a US$5.6 million y-o-y increase in other gains to US$9.6 million during the current financial period. This comprised a US$9.2 million gain on disposal of investments and a US$400,000 gain on disposal of a property owned by a subsidiary in Ireland.

At the same time, it also recognised a US$15.8 million y-o-y increase in other losses to US$16.8 million, which included a foreign exchange loss of US$12.1 million and an impairment loss on investments of US$4.7 million.
...
http://www.theedgemarkets.com/sg/article...ses-fy2015

[valuebuddies]

It would be better just to liquidate and return the huge cash reserve to the shareholders, this is more in term of value creation.

[Big Toe]

It is actually quite amazing that Creative is still around after so many years of losses.
I could still recall its heyday when it was listed in Nasdaq, off my memory(which is not at all reliable) it was traded as high as $66 in SGX. 2 decades later, there is absolutely no sign that it will get its mojo back.

[steven]

It is actually quite amazing that Creative is still around after so many years of losses.
I could still recall its heyday when it was listed in Nasdaq, off my memory(which is not at all reliable) it was traded as high as $66 in SGX. 2 decades later, there is absolutely no sign that it will get its mojo back.

those people holding that time don't know still around or not..

[desmondxyz]

Pride is the only thing that left in this company...sadly saying, it worth nothing....

[hongonn]

It would be better just to liquidate and return the huge cash reserve to the shareholders, this is more in term of value creation.

You sound exactly like Michael Dell when he was asked what he will do to Apple if he is the CEO.

What Creative needs is a person like Steve Jobs. If no Steve Jobs Jony Ives also can. But does Singapore has people like them?

[Big Toe]

Sad to say in a present landscape, even if there is someone like steve jobs around in Singapore.

1. He would not be offered the job.
2. He would have probably left Singapore long ago.
3. Innovation and Risk taking is all talk. Look at who's heading the initiatives and you will understand why. A non swimmer teaching learners how to swim.
4. Singapore is a great place for salaried workers not innovators. You are taught to get a good job when you grow up, best to go civil service.

[corydorus]

We are a small country. We need to be focused in what we can do Best. Play in our own game. Trying to mimic a giant has it's price.

Yes we do not have Steve Job so far but the alternative Reality is much better. We have many Millionaire Salaried Workers.

So I am not sad. We just have to appreciate who and what we are. And if we have another Sim comes by, is a Bonus. Maybe we can build on it, maybe not.