“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.
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