table of contents chairman s message 2 selected consolidated financial data 4 management discussion and analysis condition results operations 6 report independent accountants 19 balance sheets 20 statements 21 cash flows 22 shareholders equity 24 notes to 25 stock market information 41 the creative network 42 corporate directory 44 1 dear fiscal 2005 was a year significant achievements for on product technology front with announcement major breakthrough in audio new xtreme fidelity standard x fi processor expansion breadth our lines introduction more products than any other period history however were mixed due unexpected adverse conditions second half we started positively plan continue focusing growing revenue gaining share personal digital entertainment pde which includes mp3 players where believe there are
