Creative’s Back, Stock Hits Eleven Month High
Wow! After the announcement of the THX partnership and news about the ZiiEGG, many in the Creative community (myself included) felt like the company had pulled a 180° and was now sailing into a brighter, more positive future. Apparently, the markets feel the same way- Creative stock is up massively. The price opened at $5.95 per share on Tuesday- a 30% uptake in one day. Unheard of. As of this post, it’s up another $1.10 today- another 20% increase by my math. These are levels that the company hasn’t seen quite some time- eleven months according TODAYonline. It seems that the press is taking note as well: Reuters, TODAYonline, and ChannelNewsAsia all have stories featuring Creative. TODAYonline even opened with the following line: “Is entrepreneur Sim Wong Hoo crafting a new strategy for his company?” Surely this can be only good things for a company that has seen only negative momentum on the stocks- let’s hope the market share for DAPs follows shortly. C’mon Creative!
Singapore Exchange (change company to Creative Technology Ltd)
MyCreativeFansite via epiZENter
TODAYonline- Strategic Shift at Creative Tech?
Reuters- Singapore Hot Stocks
