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

To: Calvin Scott who wrote (5288)	3/11/1998 9:36:00 PM
From: JOHN N.	Respond to of 8193

Oh, come on Calvin, when is next time going to happen? Tell us now what you really think. After all, right now Alfred Teo, with a buy in price of around $15/share, has lost around $25-30 million. That is a considerable sum of money even for him. I doubt that he likes losing money and I can't believe that he is going to sit idle and do nothing. I agree that Hackworth is a lame duck CEO and should have been replaced over a year ago and sent to the exit door. The best way for this company to regain credibility on wall street is to have a reorganization at the top as opposed to weeding out the ranks. This stock will never move until the analysts upgrade and they won't do that until this company has credibility. I challenge anyone on the Cirrus board to tell stockholders what they have done in the last year to improve credibility. Putting Hackworth in charge is the wrong thing to do. We would be better off with Alfred Teo as the new CEO, after all, he at least bought his stock in the company and didn't have the board award it to him for poor performance. Tell me, do you think that the board gives Hackworth a performance review? I think that we should find Teo's E-mail address and vote him in as new CEO. (just a frivolous thought).