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Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Toni Wheeler who wrote (7476)	2/5/2000 8:38:00 PM
From: Grand Poobah	Respond to of 8193

Cirrus Logic Spins out Communications Product Group FREMONT, Calif. - Oct. 29, 1998 - Cirrus Logic Inc. (Nasdaq:CRUS) today announced it has entered into a memorandum of understanding to spin out a group of about 35 employees from its communications business unit to form Basis Communications. Under terms of the agreement, Basis will acquire a portfolio of Cirrus Logic's communications products, which Basis will continue to manufacture and support. Cirrus Logic will work closely with Basis to assure full customer support through the transition, and retain an equity position in the new venture. 216.35.18.143