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

To: Calvin Scott who wrote (5050)	2/18/1998 11:31:00 AM
From: Sjp	Respond to of 8193

Calvin, Excellent post. This company's stock will turn when it becomes a consistently profitable. And yes I realize they've had 3 quarters in a row of solid numbers but they also pissed some MM's off about a year ago. It takes some time to re-establish trust and Wall Street is making them earn it. Three quarters of profitability shows some promise. My feeling is that if CRUS can put one more quarter together of solid numbers, the stock will begin its move toward 20. If people are buying CRUS because some guy named Teo is in, that's their gamble.

To: Calvin Scott who wrote (5050)	2/18/1998 12:46:00 PM
From: richard surckla	Read Replies (3) \| Respond to of 8193

Question #1. What is the reason for his accumulation? Question #2. Is CRUS such a good stock to own at this time that TEO just can't resist? Question #3. Are there not any better buys on the street than CRUS to invest this kind of money in? Question #4. Are we to think that he has no game plan and that he just likes CRUS? Question #5. Would we all feel better if the following were "sells" instead of "buys"? 8/6/97 BUY L 001 40000.00 15.375 615000.00 8/6/97 BUY L 002 10000.00 15.313 153125.00 8/6/97 BUY L 003 5000.00 15.500 77500.00 8/6/97 BUY L 004 40000.00 15.625 625000.00 8/6/97 BUY L 005 55000.00 15.563 855937.50 8/6/97 BUY L 006 10000.00 15.188 151875.00 8/6/97 BUY L 007 40000.00 15.125 605000.00 8/6/97 BUY L 008 20000.00 15.155 303100.00 8/6/97 BUY L 009 50000.00 15.500 775000.00 8/7/97 BUY L 001 50000.00 15.250 762500.00 8/7/97 BUY L 002 35000.00 15.125 529375.00 8/7/97 BUY L 003 25000.00 15.250 381250.00 8/7/97 BUY L 004 25000.00 15.375 384375.00 8/7/97 BUY L 005 100000.00 15.375 1537500.00 8/7/97 BUY L 006 100000.00 15.500 1550000.00 8/8/97 BUY L 001 5000.00 14.750 73750.00 8/8/97 BUY L 002 10000.00 14.875 148750.00 8/8/97 BUY L 003 12500.00 15.000 187500.00 8/8/97 BUY L 004 15000.00 15.125 226875.00 8/8/97 BUY L 005 35000.00 15.313 535937.50 8/8/97 BUY L 006 65000.00 15.375 999375.00 8/8/97 BUY L 007 20000.00 15.250 305000.00 8/8/97 BUY L 008 37500.00 15.063 564843.75 8/11/97 BUY L 001 10000.00 14.750 147500.00 8/11/97 BUY L 002 25000.00 14.500 362500.00 8/12/97 BUY L 001 50000.00 15.000 750000.00 8/12/97 BUY L 002 50000.00 14.750 737500.00 8/20/97 BUY L 001 15000.00 15.250 228750.00 8/20/97 BUY L 002 25000.00 15.500 387500.00 8/21/97 BUY L 001 2500.00 15.313 38281.25 8/21/97 BUY L 002 22500.00 15.375 345937.50 8/21/97 BUY L 003 18000.00 15.063 271125.00 8/21/97 BUY L 004 25000.00 15.250 381250.00 8/25/97 BUY L 001 25000.00 15.625 390625.00 8/26/97 BUY L 001 32500.00 17.155 557537.50 8/26/97 BUY L 002 37500.00 17.500 656250.00 8/26/97 BUY L 003 30000.00 17.625 528750.00 8/26/97 BUY L 004 15000.00 17.563 263437.50 8/26/97 BUY L 005 17500.00 17.438 305156.25 8/26/97 BUY L 006 30000.00 17.250 517500.00 8/26/97 BUY L 007 10000.00 17.188 171875.00 8/26/97 BUY L 008 10000.00 17.125 171250.00 8/26/97 BUY L 009 50000.00 17.625 881250.00 8/26/97 BUY L 010 15000.00 17.250 258750.00 8/26/97 BUY L 011 10000.00 17.313 173125.00 8/26/97 BUY L 012 25000.00 17.375 434375.00 8/26/97 BUY L 013 10000.00 17.125 171250.00 8/27/97 BUY L 001 50000.00 17.375 868750.00 8/27/97 BUY L 002 50000.00 17.500 875000.00 9/4/97 BUY L 001 25000.00 17.000 425000.00 9/4/97 BUY L 002 5000.00 17.030 85150.00 9/5/97 BUY L 001 10000.00 16.750 167500.00 9/5/97 BUY L 002 56500.00 16.875 953437.50 9/8/97 BUY L 001 5000.00 16.875 84375.00 9/8/97 BUY L 002 5000.00 17.125 85625.00 9/8/97 BUY L 003 15000.00 17.188 257812.50 9/8/97 BUY L 004 33500.00 17.000 569500.00 9/10/97 BUY L 001 20000.00 16.500 330000.00 9/10/97 BUY L 002 5000.00 16.500 82500.00 9/15/97 BUY L 003 50000.00 16.125 806250.00 9/18/97 BUY L 001 5000.00 15.688 78437.50 9/18/97 BUY L 002 10000.00 15.625 156250.00 9/18/97 BUY L 003 5000.00 15.500 77500.00 9/25/97 BUY L 001 12500.00 15.063 188281.25 9/25/97 BUY L 002 4500.00 15.125 68062.50 9/25/97 BUY L 003 10000.00 15.000 150000.00 9/30/97 BUY L 001 20000.00 14.500 290000.00 9/30/97 BUY L 002 20000.00 14.530 290600.00 9/30/97 BUY L 003 50000.00 14.500 725000.00 9/30/97 BUY 10000.00 14 1/2 145000.00 9/30/97 BUY 10000.00 14 1/2 145003.00 10/1/97 BUY L 001 50000.00 14.500 725000.00 10/1/97 BUY 11000.00 14 1/4 156753.00 10/1/97 BUY 10000.00 14 7/16 144375.00 10/2/97 BUY 9000.00 14 1/4 128253.00 8/22/97 BUY L 001 75000.00 14.625 1096875.00 8/22/97 BUY L 002 25000.00 14.530 363250.00 8/22/97 BUY L 003 5000.00 15.063 75312.50 8/22/97 BUY L 004 10000.00 14.625 146250.00 9/12/97 BUY L 001 30000.00 16.563 496875.00 9/12/97 BUY L 002 10000.00 16.313 163125.00 9/12/97 BUY L 003 20000.00 16.625 332500.00 9/15/97 BUY L 001 50000.00 16.375 818750.00 9/17/97 BUY L 001 50000.00 16.250 812500.00 9/17/97 BUY L 002 50000.00 16.188 809375.00 8/29/97 BUY L 001 2000.00 17.250 34500.00 9/18/97 BUY L 001 7500.00 15.750 118125.00 9/18/97 BUY L 002 2500.00 15.688 39218.75 9/18/97 BUY L 003 10000.00 15.625 156250.00 9/18/97 BUY L 004 10000.00 15.563 155625.00 12/9/97 BUY 15000.00 13.375 200625.00 12/9/97 BUY 2500.00 13.469 33671.88 12/9/97 BUY 7500.00 13.438 100781.25 12/9/97 BUY 27000.00 13.000 351000.00 12/9/97 BUY 2500.00 13.500 33750.00 12/9/97 BUY 22500.00 13.469 303,046.88 12/10/97 BUY 23000.00 12.625 290378.00 12/11/97 BUY 30000.00 11 7/8 356238.12 12/12/97 BUY 8500.00 11 5/8 98809.20 12/12/97 BUY 30000.00 11 3/4 352488.25 12/16/97 BUY 295000.00 12.125 3576875.00 12/23/97 BUY 40000.00 10.75 430003.00 12/23/97 BUY 30000.00 10 5/8 318739.37 12/23/97 BUY 6500.00 10 3/4 69872.57 12/23/97 BUY 2500.00 10 7/8 27186.59 12/23/97 BUY 5000.00 11 54998.16 12/24/97 BUY 16000.00 10.625 170003.00 12/24/97 BUY 50000.00 10 5/8 531232.29 1/05/98 BUY 10000.00 11.188 111878.00 1/05/98 BUY 5000.00 11.188 55937.50 1/08/98 BUY 10000.00 11.00 110003.00 1/09/98 BUY 3000.00 10.813 32437.50 1/09/98 BUY 2000.00 10.688 21375.00 1/09/98 BUY 15000.00 10.25 153753.00 1/13/98 BUY 5000.00 10.438 52187.50 1/13/98 BUY 5000.00 10.125 50628.00 1/21/98 BUY 20000.00 10.813 216253.00 1/23/98 BUY 20000.00 10.813 216253.00 1/26/98 BUY 5000.00 10.125 50628.00 1/26/98 BUY 25000.00 10.188 254687.50 1/27/98 BUY 23500.00 10.063 236468.75 1/27/98 BUY 27000.00 9.998 269940.90 1/27/98 BUY 25000.00 10.000 250000.00 1/27/98 BUY 25000.00 9.938 248437.50 1/28/98 BUY 5000.00 10.063 50315.50 1/29/98 BUY 20000.00 10.125 202503.00 1/29/98 BUY 10000.00 10.125 101250.00 2/02/98 BUY 10000.00 11.188 111878.00 2/03/98 BUY 7000.00 11.125 77875.00 2/03/98 BUY 5000.00 11.063 55315.50 12/29/97 BUY 4000.00 10 1/16 40250.00 12/29/97 BUY 4000.00 10 1/8 40500.00 1/12/98 BUY 500.00 10 1/8 5062.50 1/12/98 BUY 3000.00 10 1/8 30375.00 12/11/97 SELL 30000.00 12 1/8 363737.87 12/12/97 SELL 15000.00 11 5/8 174369.18 2/09/98 BUY 600.00 10 5/8 6375.00 1/05/98 BUY 2500.00 11 3/16 27968.75 1/05/98 BUY 5000.00 11 3/16 55937.50 1/05/98 BUY 7500.00 11 1/4 84375.00 1/5/98 BUY 15000.00 11 1/4 168750.00 Oh yes, John Kolb, you are right, TEO is just another shareholder just like you!

To: Calvin Scott who wrote (5050)	2/18/1998 12:49:00 PM
From: Terrapin	Respond to of 8193

Calvin (glad we're no longer so formal :) Thanks for the response. This sounds far more reasonable and more in line with what I was thinking. I can see that Mark and Michael were merely trying to point out the Mr. Teo has a good track record for buying undervalued companies which is what we all think we are doing with CRUS. I don't think anything sinister was afoot and I appreciate their input. Hopefully we can get back to what we all like to be do which is a discussion of CRUS products and prospects. John

To: Calvin Scott who wrote (5050)	2/18/1998 11:20:00 PM
From: richard surckla	Read Replies (1) \| Respond to of 8193

>>Share holders like you and me account for less then 5% of the total outstanding shares.<< Calvin, 5% seems very low. Total outstanding shares amount to a little over 70 Mil. and 5% of that is only 3.5 Mil. Can that be right? Back in Oct. 97 according to Baron's TEO owned approximately 7.1% of CRUS' stock. With his new purchases and no sales this percentage continues to move up. I have not added all the purchase but I now believe (I said I believe . . not know) he owns more shares than Hackworth. At the time when he owned 7.1% the only other MMs were Merrill, FMR, Twentieth Century, and T. Rowe Price that had filed Form 13D's with the SEC, a required form for any group owning 5% OR MORE stock in a company. In your post you said. . . >>But, unless he has a coalition with one of the major MMs holding 15% - 20% or more of the shares, he is reduced to a small voice.<< I have never seen a 13D filed for a group that owns 15% - 20%. I know of no group that holds this stock position CRUS. Some time back you wrote the following post to me: >>Richard, your comments are well taken and make some very good points. But, for what it is worth, word at Cirrus is that Mr. Teo is "just" a thorn in their sides. I like outside thorns, it keeps everyone honest. Everyone has to remember though that the stockholders prior to and up until now are mainly MMs. I do believe that Mr. Teo, with his investment, is now an MM (at least in CRUS). Yes, most of what I stated in my post is opinion based on some inputs. But I really really like the fact that we have someone of Mr. Teo's credentials in the fight with us.<< I take it that you still appreciate the fact that TEO is still in the fight with us? Calvin, I'm not trying to put you under the microscope or asking you to write a book. I respect your posts and am just looking for a little clarification. Thanks. >>BARRON'S this week on page 40 "13D filing" under increase in holding: Alfred teo own 4,769,500 shares (7.1%) as a result of purchases of 780,000 shares from Aug 27 to Oct 2 at $14.25-17.50 per share.<<