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Technology Stocks : CRUS, good buy?
CRUS 127.36-2.5%Jan 23 9:30 AM EST

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To: Frank Povoski who wrote (4897)1/26/1998 9:49:00 PM
From: richard surckla  Read Replies (1) of 8193
 
Frank,

I think that CRUS had S3 by the short hairs for patent infringements. When the shit hit the fan with S3 I think that a deal was about to take place between CRUS and S3 on a buyout of CRUS' graphics division. Since that never came to pass, and because of S3 present problems and financial position, I think this $40 Million deal and cross-licensing was the best they could do short of an lengthly and expensive legal process. I think we still have to see how Intel fits into all of this with their supposed "infringement of CRUS'" patents. Just speculation!

Also I don't believe more than one analyst has has looked at CRUS for many months. That they just continued to carry forward their previous ratings. I have been told that analysts do this if there is no great ongoing interest in a stock that they are supposed to be following. That until there is an interest no changes are made. As for ZACKS they seem to change their position when they don't mean to. Refer back to my Post of Jan 6 (?).
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