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Technology Stocks : Cirrus Logic
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To: subhash Patadia who wrote (95)1/4/1997 7:43:00 PM
From: ted quinn   of 110
 
"Well-managed team"??? A management that gives the booming graphics chip market to S3 in desktops and Trident in laptops. That's brilliant. A management that stands by as the market cap falls from $4 billion to below $1 billion? A management that doesn't buyback its shares when they fall?? Yeah, that's brilliant thinking. They pump billions into fabs in order to make $10 and $20 commodity chips that can be interchagned with those from 3 dozen other companies? Brilliant. A management that aims to conquer the known world by making the chip engine that powers the Sharp Zaurus/Wizard? Again, brilliant. A year ago this management made claims to being the next Intel. Now they are desperately hanging on not to become the next Tseng. Park your money with this company; that's your business. Just don't say they are well-managed unless you can support your claims.
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