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


To: feltburner who wrote (5403)3/26/1998 9:59:00 AM
From: Frank Povoski  Read Replies (1) | Respond to of 8193
 
Due to the problem in MS, revenues will be slightly down. Also I think they hope they are playing the MSFT game and have lead analysts down on the quarter, and then modestly surprise positively. I still have the feeling that we will see the stock run back up either after this quarters (but we have the summer pressures during that time) or in the
always strong August- Early October timeframe. I am hoping at least 17 but given the general trend of the stock over the last two years this may be pushing it. I am buying at these level since the both the semi in general have been weak lately and this has been the largest base in the stocks history at the 10-11 level. I think at the current level we have little downside but right now this market is chasing everything that is moving and CRUS is not moving. I think it is a 75-25 that the stock will be much higher later this year, but with the way the stock moves, YOU have to be a OWNER to play in the move. Also remember there will be the system-on-chip announcements some time shortly which will help the stock.

AND AS I SAID BEFORE CRUS MANAGEMENT BUY SOME STOCK ON THE OPEN MARKET.