CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 122.32

+0.1%

12:15 PM EST

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To: feltburner who wrote (5479)	4/2/1998 3:56:00 PM
From: Chi Pan	Read Replies (1) of 8193

So much about earnings estimates. Whether it is .12 or .14 does not matter here any more. Look semi companies with negative earnings and comparable book value are trading neck to neck with CRUS. What does it say? There is some problem somewhere! Either the problem is with the street or with the company. Here is what I bet on. At around earnings release, the stock price will turn around. Here is why. 1) We have seen strong resist at 10 1/4. No matter what the earnings is, stock price is ready for a technical rebound at the least. You don't need to be an expert in chart analysis to figure it out. 2) Stock buy back and takeover rumor. 3) Strong balance sheet cash and positive earnings. 4) Mr. Teo? 5) Not even to mention that I don't believe any so called insider information about the earnings number. What I believe is they may have the best guess and so is everyone here. The number is somewhere from 0.11 to 0.14, right?

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