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

To: Frank Povoski who wrote (5387)	3/24/1998 10:26:00 PM
From: Grand Poobah	Read Replies (2) \| Respond to of 8193

I would like to agree with Ken that there has been a lot of unwarranted criticism of CRUS management on this thread. It is this kind of short-term thinking by shareholders that has cost so many of my talented co-workers their jobs over the last few years. Whenever the semiconductor market takes a short one- or two-quarter downturn, management is forced to lay off hundreds of workers just to satisfy the likes of you folks, only to turn around and hire someone else for the same job in a few months. All this pressure you are trying to put on management to see short-term results is destructive to the company's progress and profitability in the long term and also to the lives of employees. Amazingly enough, many of the investors on this thread seem to be taking shortsightedness even a step further by demanding more and more from management in a shorter and shorter time frame. Earnings have been positive and improving for three quarters and now you can't even be patient and wait for earnings to come out in April. Management supposedly needs to do something "NOW". This is ridiculous! I am not saying that people on this thread have caused the layoffs at Cirrus or anywhere else in the industry. What I am saying is that the whining atmosphere that has reared its ugly head on this thread is the same atmosphere that has permeated our investment community today and has been a large factor in a lot of layoffs that have hurt real people's lives. G.P.

To: Frank Povoski who wrote (5387)	3/25/1998 10:58:00 AM
From: ted quinn	Read Replies (1) \| Respond to of 8193

Excellent post, Frank! You are 100% right. If the management believed in the future of the company, they would be buying stock out of their own pocket at today's "low" price. They might do it because they want to make money (just like all investors) or to show they believe in the company. They did a lot of insider buying back in 95, but none since then. Cashing in options are not the same thing as buying stock (and Wall Street knows the difference.) Options are freebies; buying stock is putting your money where your mouth is. Indirectly, the CRUS management and directors are telling Wall Street that they don't believe enough in the company's prospects to dip into their pockets to buy stock, even in today's rip-roaring bull market. Obviously, they think they'll make more money investing in Intel stock or wherever their money is parked. Is it any wonder that Wall Street has continued to have strong doubts? The current management nearly destroys the company, then goes thru 2 restructurings, now is shifting its focus yet again, profit outlook and strategic vision unclear, AND not a single insider has bought a single share in 2 years!