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Technology Stocks : CRUS: Can they restore investors' confidence?

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To: ted quinn who wrote (20)2/12/1997 9:47:00 PM
From: jason   of 23
 
Ted:

I agreed with you that the old CRUS team were a lousy team at best
in running their business. However, things appear to be slowly back
on track when they brought in Thomas Kelly as their CFO. To label
this new team as incompetence is probably too early. I'll give Tom
two more quarters to see if he'll be able to cut costs and restore
the profit margins.

Remember, with a net profit margin as low as CRUS currently has (<5%),
even a slight improvement in their gross margin goes a long way in
improving their net profit. And we call this leverage. The picture
will become clear one or two quarters from now.

Best of luck!

Bluesky Qin
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