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Sunday, 03 July 2005 |
Creative
Technology CEO: No Backing Down in MP3 War with Apple
NewsFactor Network - Woodland
Hills,CA,USA
Creative Technology's MP3 players, sold under the MuVo and Zen brands,
are a distant No. 2 to Apple's iPod players. But other players, such as South
Korea's Samsung and Japan's Sony, are also battling for a slice of the market.
Singapore's Nasdaq-listed Creative Technology Ltd. said Friday it will keep
battling industry leader Apple Computer Inc. Latest News about Apple Computer in
the increasingly crowded MP3 Latest News about MP3 market, and has no intention
of shifting its business focus.
Creative will "stay focused" on its business and intends to "fight this war we
are facing now," said its chief executive, Sim Wong Hoo.
The consumer-electronics maker said Monday said it expects revenue for the
quarter ending June 30 to rise 50 percent from the same period a year earlier to
about US$300 million.
It had earlier projected a 65 percent to 80 percent increase.Write Comment (0 Comments) |
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Sunday, 03 July 2005 |
Emusic
Hires Boston Agency
Adweek - New
York,NY,USA
NEW YORK EMusic, an MP3 download site that specializes in music produced
by independent record labels, has retained McCarthy Mambro Bertino to handle its
estimated $3 million ad account.
A review for the account concluded this week. Also under consideration were
Interpublic Group's DirectDeutsch and Grey's G2, both in New York, sources said.Write Comment (0 Comments) |
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Wednesday, 29 June 2005 |
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Klipsch has released their iFi Speaker System for the iPod
Price is $399.99 and is available
here Write Comment (0 Comments) |
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Wednesday, 29 June 2005 |
Creative Falls 9.6%
On 4Q Guidance Cut;MP3 Woes
Yahoo News - USA
SINGAPORE (Dow Jones)--Shares of Creative Technology Ltd. (CREAF) plunged
9.6%during early trade Tuesday on overnight news that the company reduced its
fiscal fourth-quarter guidance for revenue and gross margin, citing weakness in
its MP3 player segment.
At 0636 GMT, Creative was down S$1.20 at S$11.30.
Its share price has fallen 53.6% this year, touching a new 52-week low of S$11
in the early session.
The cut in guidance confirmed the markets' fears that the company's recent MP3
player price cuts would force Creative into the red during the quarter.
The Singapore company's MP3 players, sold under the MuVo and Zen brands, are a
distant No. 2 to Apple Computer Inc.'s (AAPL) iPod.
The consumer-electronics maker late Monday said it expects revenue for the
quarter ending June 30 to rise 50% on year to about US$300 million. It had
earlier projected a 65%-80% increase to US$330 million - US$360 million.
Gross margin for the fourth quarter is expected to be below 20%, down from its
April guidance of 22%-24%.
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