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Creative accounting looks bleak

Zen and MuVo music player manufacturer, Creative Technology, returned net losses of $31.7 million in its fourth quarter ended June 30, up from a loss of $19.3 million a year earlier.

Sales dropped 16 per cent to $139.5 million, the company said, warning of lower sales ahead on account of “adverse economic conditions” and increased future competition – prinicipally from Dell’s potential move back into the market.
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