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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (556)	1/8/2002 12:59:32 PM
From: scotty	Respond to of 16631

alert...#reply-16877717

To: Dave Gore who wrote (556)	1/9/2002 4:17:47 PM
From: JeanD	Read Replies (1) \| Respond to of 16631

More on CRUS today from Briefing: Cirrus Logic ( CRUS \| Trade ) Buy Analyst: Scott Randall F01A: $0.72 F02E: $-0.45 Price: $14.40 We are incrementally more confident in our street-high 2H-02 estimates. Co is well positioned to benefit from growth in networked home entertainment. Most impactful new products include new DVD decoder, video encoder and 802.11 wireless for home entertainment. New wins include Motorola and Apex. We believe that better than expected MP3 sell through in December will allow reorders to begin in CQ1 for CRUS MP3 processors, contributing to the 5% sequential growth for the March quarter. We expect the company to be profitable in 2H03 and we see potential upside to our numbers and multiple expansion. We are buyers of the stock at current levels and our 12-month price target of $23 gives around 50% upside.