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Technology Stocks : CRUS, good buy?
CRUS 121.01-0.4%10:55 AM EST
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To: Calvin Scott who wrote (5282)3/11/1998 12:38:00 PM
From: ted quinn  Read Replies (1) of 8193
 
I'm back to tell you that CRUS is a washed-up, tired old poor excuse for a company. Why would you people invest in this dog? Don't you notice that the markets (inc. the Nasdaq and Russell) are hitting new highs every day? CRUS is barely hanging above a historic low! People are investing based on the outlook 6 months down the road, and they aren't investing in CRUS. Who wants to invest in Hackworth anyway? He has zero credibility on Wall Street. Investors are ignoring CRUS' recent positive earnings--ask yourselves why? Because the structure and the strategy of the company are fundamentally flawed. The management is horrendous. And if that weren't enough, we are seeing a shift in profits from hardware to software/internet companies (with the exception of Intel and 2 or 3 others). CRUS has to spend hundreds of millions of $$ to build a fab to make chips selling for a few bucks. All risk, low reward. And by the time the plant is built, who the hell knows what chips will be needed and what their price will be? A company like Yahoo or Amazon has very low risk because it is service oriented, and they have brand-names. These stocks have gone up 5 and 10-fold in the past year. What about CRUS? No movement despite stock buyback, Teo, positive earnings, etc. Why? Poor management lacking vision on how to raise shareholder value. Almost 3 years since the stock price collapsed and still no light at the end of the tunnel. I see this stock drifting down to the $8 range when the market starts its inevitable pullback.
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