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

To: Grand Poobah who wrote (5392)	3/25/1998 11:04:00 AM
From: ted quinn	Read Replies (1) \| Respond to of 8193

Don't you just love the irony? Dow about to crash thru 9000 and CRUS about to slip beneath 10!!!!!! Wall Street doesn't care about 3 (or more) profitable quarters in CRUS. Otherwise, they would be buying shares during this bull market surge! They might buy afetr just a single good quarter--IF they believed in the company management and strategy.

To: Grand Poobah who wrote (5392)	3/25/1998 11:21:00 AM
From: Calvin Scott	Read Replies (2) \| Respond to of 8193

GP, I don't want to rehash those items I have reported previously but..... The current management team of Hackworth and Alexy were at the controls when, blinded by success, they laid a number of big ones. The B of D, namely Guzy, brought in Kelly to "fix" things. Go back and read my posts from earlier in the month. As for your report on insider trading, the only name on that list that is still working at Cirrus is Steve Dines. However, I concur with your point. I think management should show some balls and put up their own money. As for layoffs, Cirrus has had four in the past 18 months that I am aware of not counting what happened after some of the fire sales. But, knowing a lot of the names that were let go, I say goodbye to deadwood! It was long overdue and quite frankly, good for the company. As for the $30 million you mentioned in the law suit I say peanuts! Most of that was covered by insurance. What about the $100 million in inventory write offs? Who was in control of the company then? The HACKMAN that's who! Mike was so infatuated with success and so involved in micro-managing shit he shouldn't be worried about that in the fall of 1995, when the stock was floating in the fourties and fifties, he ignored reports of high inventories and payments to Micrus for not using the guaranteed capacity, and built the Taj Majal across the street. Then, Cirrus had to pay rent on this white elephant for over a year without ever moving into it. So GP, yes we are on an roll in regards to earnings reports but I say Hackworth had his chance and not just blew it, he cost all those poor people their jobs. He was the one responsible. He was the captain on the ship of fools that featured...Alexy, Patil, Bartek, Mei, Reddy, Caparelli, et. al. Why you think the current team deserves a break is beyond me. You must have money to burn or maybe....say, is your real name Doug Bartek? Or is your name Mike? Calvin Scott