CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 123.32

0.0%

Jan 16 3:59 PM EST

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To: Toni Wheeler who wrote (7032)	7/22/1999 9:47:00 AM
From: Synapsid	Read Replies (1) of 8193

Cirrus has been using ARM processor cores integrated into chips with other functions for several years. They pay a licensing fee to ARM for each such chip sold. So far, Cirrus' ARM-based product efforts, such as modem chipsets and internet/handheld device chipsets (such as the one in the Teknema press release, it's an old product), were not succesful and probably diverted R&D budget away from core businesses, contributing to Cirrus' troubles. However, Cirrus continues to use its ARM-based expertise in new products in the mass storage area (hard disk drive, DVD controllers). As for the earnings announcement, not having listened to the CC, I think it is pretty positive. Revenues are certainly higher than feared. Cirrus looks to be well positioned in growth markets such as chips for consumer audio devices, CD-RW and DVD, for the rest of the year.

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