Victor *Off topic* - Thanks for the information. I've watched Cirrus for a long time now, but have not dabbled in it. It's funny you mentioned Cirrus, I've traded LSI Logic for years, and got back into it a short while ago at the 14 level, with more at the 12 level. Also a semi, but in my opinion it's a higher quality issue than Cirrus with a stronger market position in the ASIC business, and a move into networking with a recent acquisition. It's also dirt cheap, and they continue to be profitable, unlike most semi firms these days. LSI was in the 60's back in the good old days a couple years back. I'm actually quite interested in this area because it has been beaten up so badly. I also own Applied Materials, don't know if you follow that stock, but I can tell you that the AMAT thread has some of the sharpest folks posting that I have seen on SI. They are calling a bottom on AMAT over the next month or two. Possibly it has already occurred based on AMAT's recent price action, we shall see. I'll check further into Cirrus. They actually have had a joint fab project right in my hometown here with IBM called Micrus, but I believe they are now dropping out of it.
Regards,
John
PS - By the way, what a nice stock IBM has been. I was a doubter for awhile based on the growth issues, but they have been a non-issue with WS. The stock continues to perform on 'cruise control'. If only the Intels and CPQs can do as well in the near future! |
