Stay tuned for more Creative suits

SINGAPORE (Aug 18): Creative Technology, the company that was famous for its Sound Blaster sound cards more than 20 years ago, had quite an eventful week.

On Aug 16, the company was awarded $36 million in damages from a lawsuit brought against Huawei Technologies Co. The following day, shares in Creative surged as much as 19% to $1.25, before ending the day at $1.19.

Why did the stock react that way? For starters, $36 million is quite a significant amount of money compared to Creative’s market capitalisation of $83.7 million as at Thursday, or $74 million just before the judgement was announced.

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