Creative Technology

I sold one of my worst investment ever today - Creative Technology.

I bought it for an average cost of S$11.10/share 10 years ago. Today, it is worth S$1.40/share. A massive lost of 87% from the price I had purchased. At its peak, Creative Technology was worth more than S$50/share during the dot.com/technology hype. It lost the fight to Apple on its ipod mp3 media and continue to bleed financially.

A few weeks ago, it was worth less than a dollar. Fortunately, there was recent news that Apple would compensate the Company for some patents that it had. But it had lost its shine and a dying company.

Lost close to S$10,000 on this company. A lesson learnt on poor investment. Warren Buffet had never trusted technology companies.