CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 122.18

+0.3%

Dec 3 3:59 PM EST

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To: ted quinn who wrote (5481)	4/3/1998 2:33:00 AM
From: Schiz	Read Replies (2) of 8193

You say that Mr Teo made a bad investment in CRUS because it is well below what he bought it at just a few months ago. If I believed that Mr Teo bought the shares under the assumption that he would sell them for a profit in a few months I would agree with you. However, I highly doubt this is the case. Investors don't pour 100MM into a company to make a quick buck. It is very possible that Mr Teo did make a poor investment but to say that now is VERY premature. I agree that there are concerns with management but I don't think that the street thinks that management is incompetent. The whole semi industry is down. CRUS may be down a little more than the others but it's not like it's wallowing in the depths of hell when the other semis are taking off. I wouldn't say that you are wrong, I just think you may be jumping to conclusions. I'm not sure what you mean when you say it doesn't matter if the company makes .50/share. Perhaps you exaggerated a little bit. Obviously the company will not make .50 this quarter although they more than probably won't be much below this for FY98. If they can make .11 this quarter and .11 next quarter, .15 the next and then .20 then .30, there is absolutely no way that the stock will still be trading for 10$. Yes they have something to prove so let's give them a chance to prove it.

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