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

To: Chi Pan who wrote (5480)	4/2/1998 4:44:00 PM
From: ted quinn	Read Replies (5) \| Respond to of 8193

I'm alarmed by the amount of naivete on this thread. Don't you see that it doesn't matter if CRUS beats estimates by a penny or falls below? Wall Street doesn't care. Better that CRUS loses fifty cents and gets rid of the CEO and the do-nothing board. What Wall Street wants is a clear road map and strategic thinking and vision. Crus has none of those. Even if they beat their numbers, Wall Street will attribute it to dumb luck or some behind-the-scenes chicanery. Let CRUS make .50 cents. So what--Wall Street wants to know that the company has the vision and the strategy and the cojones to do it again and again. Only with new management will the price appreciate. Stop worrying about a penny here or there regarding estimates. Three quarters of "good" earnings and the stock price is now in the ICR and barely a pulse rate can be detected. CRUS started a slow death when it topped out at 60, and nobody wants to waste time or money chasing after this confused company. Oh, and about Teo: the truth is that he made a bad investment. Like all of you who invested in CRUS, he thought "Wow, what a low price and what great products. The stock price will go up!" Duh! He blew it, to the tune of $30 million (so far). He figured just like all of you and that naive Arslan that the company looks great on paper. Well, the company ain't worth a darn without the right management. It's been nearly 3 years since Hack and gang drove the company into the ground, 3 years of nothing to show for. Now you're all stuck with a turkey that no one else wants, not even at $10 a share (and neither the Board or the Executives want to purchase a single share either!!). Teo is just like any other investor--he makes mistakes. In his case, a big one.