Creative to launch Zen Vision by end of August, Zen Micro Photo in September

Posted on Saturday, August 13 2005 @ 11:01 CEST by Thomas De Maesschalck
Creative posted a net quarterly loss of $31.9 million on Wednesday, for the three months ended June 30. A year ago the company posted a profit of $6.63 million.

Excluding an investment gain of US$9.3 million, Creative said it had a loss of US$41.2 million or 49 US cents per share.
The company said on Thursday it was close to break-even in the September quarter, its fiscal first quarter. 'We believe we can get closer to break-even in the current quarter and that we can return to profitability by the end of this calendar year,' said Craig McHugh, the president of Creative Labs Inc, the firm's US unit.
Creative told the press it will launch two new MP3 players with photo and video capabilities. The Zen Micro Photo is planned for the end of September and the 30GB Zen Vision is slated for the end of this month.

More info at Business Times

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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