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


To: Phantom Dialer who wrote (5207)3/1/1998 12:39:00 PM
From: Schiz  Read Replies (1) | Respond to of 8193
 
90 day estimates for the current q were 16 cents and are now 11. For the following quarter they were 18 cents, and now are 4 cents...(I got these off First Call)

I was looking at the first call estimates this morning and they didn't make any sense. They showed the 7 day ago eps numbers around what you quoted but I thought the current estimates were about where they were after the last major revision after q3 earnings. I noticed similar things with other stocks too. Did you check any other stocks recently?



To: Phantom Dialer who wrote (5207)3/2/1998 8:41:00 AM
From: Terrapin  Read Replies (1) | Respond to of 8193
 
"Where do you peg fair value on this stock? I really wonder how much of last weeks buying was the company buying its own shares back considering there was no "real" news....."

Fair value is a tough one but I am of the opinion that the company is currently buying at these levels. I don't have hard data but the volume of the trades, the lack of news and the stability of share price lead me to guess that they are the ones doing the buying.

FWIW,
John