CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 123.31

-0.9%

3:59 PM EST

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To: richard surckla who wrote (4919)	1/27/1998 8:52:00 PM
From: JOHN N.	Read Replies (3) of 8193

Hi Richard; It appears that Mr. Teo has an average purchase price more like $15/share. With the stock at $10/share he has lost a third of his investment at this point which would be somewhere in the ballpark of $20-22 million. I think that it would really benefit those on this thread to closely monitor the activity of Mr. Teo. I doubt that he would sell much of his holdings below $14/share. Unless, of course, he has totally lost confidence in CRUS and has decided to write off losses against other gains. I wonder if he planned to become a long term investor like so many of those on this thread advocate being at this point in time. Obviously, he didn't anticipate the Asian financial crisis or the tech stock downturn (or did he?). I would think that he would fight for his money and he must have had some kind of a plan. Or is this the biggest blunder of his financial career. Is there any way that we can get more concrete answers to these questions? What do you think that the net worth of this guy is anyway? Surely, $60 million must be a considerable percentage of his net asset base.

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