CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 142.78

+1.9%

Feb 6 9:30 AM EST

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To: Jan A. Van Hummel who wrote (5657)	4/22/1998 5:54:00 PM
From: Jan A. Van Hummel	Read Replies (1) of 8193

Good value Notwithstanding Ted's feelings, these are nice and illuminating results. $7/share in cash and equivalents. With the stock trading at/near $12/share this means that for $5/share you can own a ($1 billion in sales) company that grew 35 % on comparable quarter basis earning 18 cts/share. Looking at sales growth we are looking at abt 25 % on the low side and 35 % on the high side. If you then extrapolate and assume a P/E between 25 and 35 the stock should be trading between $18 and $25. So, it looks to me that the stock is rather undervalued at this time and we should see the mid teens before too long. Perhaps the market wants to see another solid quarter and if CRUS delivers we will see these higher values. JMHO Jan

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