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Technology Stocks : CRUS, good buy?
CRUS 123.21-0.1%Jan 16 9:30 AM EST

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To: Frank Povoski who wrote (4867)1/22/1998 6:20:00 PM
From: feltburner  Read Replies (2) of 8193
 
Frank, the problem was not with the 3Q earnings but with the guidance for 4Q and fy99. Any time analysts have to slash estimates, you can't expect much upside. I take it as a good sign that the stock was actually up today even though analysts (and the co.) are calling for flattish eps in '99 vs. '98. I just hope they spend their $5.75 per shr. cash wisely!
-Felt Burner
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