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


To: john dodson who wrote (4958)2/2/1998 1:32:00 PM
From: Sjp  Read Replies (1) | Respond to of 8193
 
John, it depends on your time frame and what % jump your looking for. I got back in at the open on Friday and am up about 5% in less than 12 hours of trading. I expect this to be at 13 in the near future (w/i 4 weeks). CRUS's buyback announcement of about 15% of the outstanding shares is good thing and alone should move this up a couple points. Mr. Teo picked up about 11% last fall and we saw the stock move up to the 17 level (obviously they were other factors as well but the demand he created definately helped drive the stock). Greenspan's comments regarding Asia and our economy last Thursday will only help to drive the markets and the semis in the near term.