“Singapore-based Creative Technology, the maker of Nomad and Zen digital music players, suffered losses for the third quarter running,” Channel NewsAsia reports.
“Creative reported a net loss of US$21 million in its fiscal first quarter ended September 30,” CNA reports. “First-quarter sales fell 14 percent to US$241.5 million, as Creative struggles in a competitive market dominated by Apple Computer’s iPod.”
CNA reports, “Creative expects a payment profit of US$82 million in the fiscal second quarter on a US$100 million licensing payment from Apple as part of a settlement.”
Full article here.
Creative does Apple’s dirty work by immediately attacking Microsoft’s Zune – September 17, 2006
Creative Tech: we will pursue all MP3 player- and cellphone-makers that infringe on ‘Zen patent’ – August 30, 2006
Apple investors cheer as Jobs wins again by getting Creative – August 24, 2006
Apple and Creative settle – the bigger picture – August 24, 2006
Analyst: Apple’s relatively small settlement with Creative removes threat hanging over iPod – August 23, 2006
Apple & Creative settle: Apple pays $100M for ‘Zen’ patent, Creative plans iPod accessories – August 23, 2006