CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 130.34

+0.1%

Jan 30 9:30 AM EST

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To: Bosco who wrote (5741)	5/5/1998 12:27:00 PM
From: Calvin Scott	Read Replies (1) of 8193

Bosco, It is my opinion that Mr. Teo will be heard from before everything is said and done. He has impressive credentials and I know he will not just roll over and play dead. Cirrus can go forward with their current portfolio of products and do very well. The questions will be if they fall into their previous follies absorbing patents, companies, etc. that don't make sense. Perhaps Mr. Teo will have a large say in the strategic plans. Someone mentioned that this "rights" plan worked for S3. For those of you comparing this one to S3 let me remind you that there is a big difference. S3 was the proud holder of 2 patents at the beginning of last year compared to Cirrus's many (I really don't know how many but many) and S3 only had the aura of "market share" that was worth anything. S3 had about $100 million in the bank which they used to buy into UMC. Cirrus has over $300 million in cash and another $100 million in other equities. S3 had basically one product line to Cirrus's four divisions. Cirrus was, up until recently, a single source read channel supplier to the likes of Seagate, Quantum, etc. and has a strong position in mixed signal technology. Cirrus has a lot of good things worth a lot of money. But the way this shareholders rights was spelled out, it ain't worth a thing now to anybody. Now the name of the game is performance. Based on recent history, I don't see it happening. As I have said previously, I believe Cirrus has about a 3 quarter momentum and then......... Calvin Scott

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