Stewart,
re: highly integrated chip companies
Do you have an opinion on Cirrus Logic (CRUS)? They recently announced a shift of focus for their PC products division toward <$1K computers with chips that contain integrated audio, graphics and modem capabilities:
biz.yahoo.com
They have missed earnings in the past and have restructured shuffling division, laying off employees and changing board members. It looks like they might have turned a corner and are well-positioned for 1998. There is much focus on the PC products division but the other three divisions have been growing nicely. Any comments welcome. I own CRUS at avg price of ~$12.
Mike, James, etc., I also made use of this time to avg down my price of OXHP to ~$22. Looking forward to some good numbers from that one.
Finally, my question regarding when to sell: I own a company named Tyco (TYC) a diversified manufacturing, home safety, undersea cable company (try to find a core business in there! <g>). They have recently completed four major acquisitions (accretive to earnings) and some smaller ones. I have made a nice profit in less than a year but feel that the management is capable and will grow the company in years to come. However, it is now a bit too large for me to comfortably evaluate. Granted, I wish all my problems were of his sort but I am open to advice.
Thanks,
John |
