CRUS, good buy? Message Board

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Technology Stocks : CRUS, good buy?

CRUS 118.48

-1.6%

Dec 31 3:59 PM EST

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To: David B. Higgs who wrote (6007)	6/26/1998 4:59:00 PM
From: peter lo	Read Replies (1) of 8193

Yes, he should reduce his salary in the coming year. After I read the proxy, I was really unhappy. Look at all the proposed resolutions by the border directors. They want to increase stock, option and company control. Please read proxy carefully. I have voted my 9600 shares against all the directors except Mr. Teo. I voted against proposals 3, 4, 5 and 6. These proposals want to increase stock or options for either directors or top management members. In order to gain more control the company, they propose to re-incorporate the company. By re-incorporation, the border directors can overthrow shareholder's voted decision. All these proposals are designed for their benefits. Why do the CRUS insiders never buy any the company's stock from their own pocket money? They can get the stock option free. Look at Mr. Hack recently obtained 850,000 stock option. Why do the CRUS insiders not care the stock price? They can re-assign the stock option price if the stock price dropped. Look at they re-price the stock option price to about $9 from the higher of $35 recently. Peter

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