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Technology Stocks : Cirrus Logic
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To: Howard Schellenberg who wrote (54)12/28/1995 1:10:00 PM
From: lamont smith   of 110
 
CRUS is toast. Company is guiding EPS for latest quarter to
0.13 to 0.21, down from expected 0.43 cents. Stock is down over
$6 to $20. Problem is inventory overhang from PC vendors who
have been way too optimistic on market share gains, and
any chipmakers with large 486 inventory are going to feel the
wrath of the market. Could be several months before this
problem is solved.
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