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

To: grogger who wrote (4956)2/1/1998 7:59:00 PM
From: Terrapin  Respond to of 8193
 
Rob,

I'm pretty content with the recent moves by CRUS; I won't be bouncing off the walls until the shareprice goes up though <g>. Seiously though, I think we should see a nice upward swing to the mid-teens but I don't think we'll see any upgrades considering that everybody is forcasting fairly flat earnings for this year (I got this from lurking on this thread). Of course, in this sector three quarters is considered "long-term"! I'm just happy to buy on solid moves by management and wait.

Here's hoping for an upgrade,
John



To: grogger who wrote (4956)2/2/1998 1:20:00 PM
From: Sjp  Read Replies (1) | Respond to of 8193
 
Agreed. 1 or 2 analyst upgrades and we'd see a 2-3 pt jump. The buyback announcement got me and a friend back in for a combined 4500 shares. The buyback news can only be positive. If they have any sort of positive announcement relating to sales that will positively effect earnings for the next couple quarters, the stock should jump significantly. Anyway, we're up about 10% since the open on Friday.


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