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

To: Grand Poobah who wrote (5388)	3/25/1998 12:27:00 AM
From: ptrader	Respond to of 8193

GP, You must be an CRUS employee in Austin. I think what investors are mad about is the lack of leadership by CRUS management. I think that there are many very good people at CRUS, but the top management are not part of this group. Do you realize that the profitable parts of CRUS made more the $140M in FY98. They wasted $100M. Where did this money go? I will tell you, right in the toilet!!! This management group DOES NOT HAVE ANY RIGHT TO BE IN CHARGE!!! They are totally INCOMPETENT. I think that if most investors and employees knew the true facts, THEY WOULD GET SICK!!! To win today as a hardware company you need good engineering, but also good people in top management. You just wait and watch as the earning slide in the next few quarters because top management are not willing to make any changes.

To: Grand Poobah who wrote (5388)	3/25/1998 3:12:00 AM
From: Frank Povoski	Read Replies (2) \| Respond to of 8193

How long have you held cirrus? I have been a shareholder for at least 5 years No one is putting short term pressures on them and I am not hitting on management. I in fact praised them for the turn around. I realize that it does take time but I said that MANAGEMENT COULD HAVE MORE STEPS TOWARD REGAINING RESPECT. THIS QUARTER WILL NOT DO IT AND NEXT WON'T EITHER. Earning have improved but that was purely done by cost control (ie layoff). The revenues have been declining for two years. This will also improve in time if they deliver new and innovative products. AND ONE THING YOU GRAND POOBAH have remember that CIRRUS is not in business for the welfare of the employees. So don't give me that bullshit employee sob story stuff. Every company that has proper management does layoffs, reorigs, and restructuring to remain competitive. It is that companies that lay back and don't do anything, that wake up one morning to realize that they have a big mess on their hands. Come on guy. Companies exist to make money, otherwise it is called socialism. Let me ask you a question? Did you think Kodak should let go 16,000 people? They sure should bud.