Tuesday, August 5, 2008


Revenues for the fourth quarter were $139.5 million, compared to revenues of $165.2 million in the same quarter last year. It also made a lost of $31.7 million compared to the $19.3 million it lost last year.

“Through our restructuring efforts in the fourth quarter, we have significantly reduced our going-forward operating expenses. We are targeting operating expenses in the current quarter to come in about 10 to 15 percent less than our fourth quarter,” said Craig McHugh, president and COO of Creative Labs, Inc. “We are expecting revenues of approximately $130 to $140 million in the current period. Due to adverse macroeconomic conditions which we see continuing through our fiscal Q2 and because we may be de-emphasizing some of our underperforming businesses, we are projecting lower year-over-year revenues.”

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