CRUS, good buy? Message Board

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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: Big Dog who wrote (5136)	2/24/1998 10:29:00 AM
From: Calvin Scott	Read Replies (2) of 8193

Big Dog, I hate to have to chew on your bone ("going to $25/share....guaranteed!") but lets be realistic. It will take more than wishing for this thing to get to twenty let alone 25. It is IMHO that Cirrus remains in a state of "course correction". They are entering a market (PC on a chip) that has untested waters. They do not even have the chip yet. Plus the Mass Storage business remains in flux. In fact, Mass Storage in general is at another stage of technology that will not see sales growth until around this time next year. The markets Cirrus is doing well in currently are not that large. Cirrus will remain a billion dollar company but look for flat to lower revenue in the next couple of quarters. However, I still expect that Cirrus will increase profits going forward with their continuing emphasis on cost control, selective hiring and a far lesser role for Mr. Hackworth. I say let the business guys run the company and the engineers work on their projects. Then and only then will we get to $20 and above! Calvin Scott

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