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


To: Synapsid who wrote (4937)1/28/1998 7:58:00 PM
From: ptrader  Read Replies (3) | Respond to of 8193
 
Some comments from someone on the Yahoo CRUS Chat Group:

I LEFT MY PHONE NUMBER WITH CRUS INVESTORS RELATIONS AND THEY DID CALL ME BACK TODAY. I WAS TOLD THAT MAJOR PRODUCT SHIFT IS
OCCURING IN MASS STORAGE DIVISION AND THIS DIVISION WOULD HAVE FLAT 2 TO 3 QURTERS. EARNING ESTIMATE OF 49 CENTS IS BASED ON
COMPANY'S GUIDANCE TO ANALYSTS. THERE IS HEAVY SHORT SELLING ACTIVITIES FOR LAST FEW DAYS. ACCORDING TO THE COMPANY THE STOCK IS VERY
UNDERVALUED AT PRESENT PRICE.COMPANY HAS $7/PER SHARE IN CASH ON HAND. COMPANY WILL TAKE SOME STEPS VERY SOON TO ENHANCE STOCK PRICE.
THERE IS THIRD COMPANY INVOLVED FOR PATENT RIGHTS NEGOTIATIONS BUT WILL NOT GIVE THE NAME OF COMPANY. I HOPE MORE INVESTORS CALLS
THE COMPANY AND GIVES THEIR INPUT, THANKS TO ALL READERS.