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Technology Stocks : CRUS, good buy?
CRUS 123.28-0.9%Jan 15 3:59 PM EST
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To: ProCaddy who wrote (5954)6/16/1998 5:16:00 PM
From: ptrader  Read Replies (1) of 8193
 
Michael,

Teo may prevail, but its going to be a very rocky road for the next
two years. Revenues are going down 60-70M this quarter, along with
the next few quarters. I hear that they are going to unload one of
their fabs for a charge of around 200M. If true, the stock is going
down. The cash is currently supporting the stock price. I would
expect the stock price to drift down to the 6-7 dollar level.

From last 10Q:

As of December 27, 1997, the Company is contingently liable for
MiCRUS and Cirent equipment leases which have remaining payments of
approximately $560 million, payable through fiscal 2004.
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