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

To: Synapsid who wrote (4866)1/22/1998 4:14:00 PM
From: Frank Povoski  Read Replies (3) | Respond to of 8193
 
Revenues up, earnings up, margins up and the stock hardly moves.
What da f___!! I am convinced that this is no longer an investors market. The way to make money is to be where the momentum is.



To: Synapsid who wrote (4866)1/22/1998 7:22:00 PM
From: Synapsid  Respond to of 8193
 
ESST reported a bad loss because of "inventory reserves" -- looks like they have huge excess inventories of audio codecs. Audio codecs are a significant part of Cirrus' PC products revenues, so it looks like margins will remain under pressure for this product. Cirrus does have the right products though, and should be able to manufacture efficiently at the joint-venture fabs.

www1.newsalert.com.


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