CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 140.10

+3.8%

Feb 5 4:00 PM EST

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To: grogger who wrote (5694)	4/24/1998 10:30:00 AM
From: Ronald Allen	Read Replies (1) of 8193

Three brokers lowered estimates: Montgomery from .45 to .15; Robertson Stephens from .10 to .03 and H & Q from .53 to .37. These are for fiscal year '99. The main reason is the transition from 2nd to 3rd generation PRML read channel device. Their main customer is phasing out of the 2nd generation which is expected to severely impact sales in 1st quarter. They are not expected to become a customer of the third generation product until the December timeframe. They must have had guidance from the company since all are expecting revenue to fall around 25% sequentially in the June quarter. ron

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