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

To: grogger who wrote (5014)	2/16/1998 10:48:00 AM
From: Jazz102	Read Replies (2) \| Respond to of 8193

Rob: A big tax loss maybe to offset huge gains in other investments??

To: grogger who wrote (5014)	2/16/1998 3:10:00 PM
From: The Gambler	Read Replies (1) \| Respond to of 8193

Little that I can suggest objectively here without knowing more details, nevertheless I suspect an intention to try to sell the whole co. or in parts(spin out) based on majority vote(as of in the case with being the largest independent shareholder). Does anyone know who has the majority or whether the TEO's and their group do have achieved majority? Do they have a seat on the board and if so, will the other board members be in favor of a spin(sell) out, will still have to be determined, if the above scenario is going to happen.

To: grogger who wrote (5014)	2/16/1998 9:11:00 PM
From: cbstock	Read Replies (2) \| Respond to of 8193

Hi Rob, These activities are very similar to what occurred to the company I was laid off from in the Defense industry!...Alliant Techsystems. I subsequently retired! The company, "ATK" was spun off from Honeywell in 1990. A holding company, "Capstay Finance" bought up a relatively small number of shares, less than $10M at $22/share, however enough to vote out most of the existing board members and replaced them with their own folks.. There were 9.3 M shares issued when the company went public so this was an example of less than $10 M controlling $1.2B of cash flow. Pretty neat deal! ...Huh!!! This is what I saw from inside the company and this is history. ATK was about a $1.2B company with 5000 employees. The holding company then replaced the board of directors, and fire the CEO and all company officers. They and replaced them with their own selection. The Company was being run by Honeywell puppets (JMO) who's only objective and incentive was to pay off a $165M loan that Honeywell obtained at spin-off, and guaranteed, instead of trying to increase share holder equity. Honeywell got the $165M with ATK paying the bank. Those officers, like those at CRUS, owned very little of the company stock and were very self serving. Again, this occurred in 1995 and the stock has gone from the low to mid $20's up to $60, mainly due to the new managers focusing on buying back stock... Who else would want a very tired defense business. The longer term objective seems to be to sell or merge the company at a much higher price. This is happening all over the defense industry. I see many similar occurrences here, of a smart business man, "Teo" investing a small amount of money, relatively speaking, and being able to take over this company and drive the dickens out of the share holder equity. Business men like him know the art of deal making and do not worry about the stock value, next week, next month or even next year but they make big money long term. If we see near term changes in the board of directors, which then results in a new CEO and CFO or control of them, then the result may be big time moves for this stock...When Senior management doesn't heavily invest in their own company then why should anyone else except to take it over. With the "Teo" 10Q now on record, it will be interesting to watch. I didn't mean to write a book but I have owned CRUS for a while and see many things that are the same between these companies and the activities that are occurring. CRUS seems to be a poorly run company that has no direction or focus with self serving management....A prime take over target!!! I know this is a CRUS board and I apologize for so much discussion about another company which none of us cares about. It was just part of the story.....May this can stimulate some interesting discussions!!! JMHO Regards cb