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Technology Stocks : CRUS, good buy?
CRUS 123.07+0.4%10:33 AM EST

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To: Grand Poobah who wrote (5388)3/25/1998 12:27:00 AM
From: ptrader   of 8193
 
GP,

You must be an CRUS employee in Austin. I think what investors are mad about is the lack of leadership by CRUS management. I think that there are many very good people at CRUS, but the top management are not part of this group. Do you realize that the profitable parts of CRUS made more the $140M in FY98. They wasted $100M. Where did this money go? I will tell you, right in the toilet!!! This management group DOES NOT HAVE ANY RIGHT TO BE IN CHARGE!!! They are totally INCOMPETENT. I think that if most investors and employees knew the true facts, THEY WOULD GET SICK!!! To win today as a hardware company you need good engineering, but also good people in top management. You just wait and watch as the earning slide in the next few quarters because top management are not willing to make any changes.
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