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iPod competitor Creative to exit Nasdaq

Creative Technology aims to cut costs

In what the company calls a cost-cutting measure, Creative Technology has confirmed plans to voluntarily de-list itself from the Nasdaq index.

Creative manufactures a range of products, including sophisticated speaker systems and its own range of iPod-competing MP3 players.

In August last year, Apple and Creative reached a settlement deal on an outstanding patent dispute between the two firms.

Apple paid Creative $100m to licence technology patented by Creative, while Creative joined Apple's ‘Made for iPod’ plan, and has now begun shipping its own range of iPod-ready products.

Creative will maintain its stock market listing in Singapore, and will hold its last day's trade on Nasdaq on August 1.


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