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


To: Terrapin who wrote (5069)2/19/1998 9:46:00 AM
From: richard surckla  Read Replies (1) | Respond to of 8193
 
John, As you know there has been much speculation about TEO, and that is all that it is . . .speculation. No one knows what his agenda is. All we know for sure is that he owns close to 9% of the outstanding shares of CRUS and still accumulating. I look at this as being an attempt to position himself with some leverage in this company. Considering what CRUS has been through I see TEO as a positive. He, as a shareholder, only stands to gain if the stock moves up. He continues to average down his cost per share. He appears to have confidence by doing this and does not get rattled. To do this with the dollar amount being spent would be stupid without having a plan and I assure you TEO is not stupid. We'll just have to sit back and wait to see his plan blossom. In the meantime I feel better that he continues to buy. Good investing to you.