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

To: ted quinn who wrote (5533)	4/7/1998 3:34:00 PM
From: Sjp	Respond to of 8193

Ted: I've actually been fortunate w/ crus--- most likely because of luck. I did have to hold it last year for several months longer than I wanted (I bought at 14.5, rode it down to that 8 neighborhood and finally got out at 17.25) but that was a lot of anxiety for less than 3 points. I also was able to make a few short term plans over the last few months and make some decent returns. However, I am done w/ crus. With so many solid, fine companies out their producing solid numbers w/ not nearly the concern that crus causes, I'm putting my money elsewhere...I'm still liking Calvin's reference of the Cat Ranch---or possible Intel @ about 70...tough choice. Most likely the last money I'll make on this stock is from the crus class action lawsuit that is about 8 weeks from paying off the shareholders (to all involved, I don't know how much per share). Thanks to all for the information shared.

To: ted quinn who wrote (5533)	4/7/1998 5:39:00 PM
From: Mark Reier	Respond to of 8193

Ted, Why don't you stick to the things you know about, because Alfred Teo is not one of them. This isn't over by a long shot, and you're just like the guys that laughed about him buying Citizens First and Musicland (both of which went lower before going up). It must be easy to sit behind a computer and take shots at people.

To: ted quinn who wrote (5533)	4/7/1998 7:51:00 PM
From: Tim Andrews	Respond to of 8193

Teo: Give the guy a break, he is a human just like the rest of us, he made a big mistake. Eventually he will end up making good money 'cause the stock won't stay at this level for long. But that's not the point the guy could have waited or put the money else where and scored bigger. Mike: Give the guy a break, its too late for him to quit now, with the credentials; " I took the stock from 50 to 10 and don't even had to split for that !! "; do you think he will be able to get a job anywhere ? The guy will have to spend the rest of his life on unemployment check. Stock Buyback: Come on, do you think Mike is that stupid ? He knows that the stock is too pricy right now, may be he is hoping that after another bad quarter he will be able to snatch the shares at say 7-8 dollar range. Cirrus: An excellent company with good products and good future prospects waiting for new competence management to lead it again to previous heights and take it into a position where the sky is the limit. This I am saying because I was at IBM when it stock was at $140 and Akers and the poor management team took it to $40 in about couple of years. The guy was kicked out and replaced by competence and now IBM is at $210 (pre-split). Replace Mike and company with competent people and the stock will be $50 in couple of years. Me: I have bought cirrus stock several times during the past five years and everytime made money when I sold it. I had it in my retirement account with a loss when the wonderful teo started buying it and was happy to sell it at $17 for a profit. I wish well to the company and hope that it 'll be back on track soon.

To: ted quinn who wrote (5533)	4/7/1998 10:17:00 PM
From: JOHN N.	Respond to of 8193

You know Ted, I'll bet you have never purchased a single share of CRUS stock. Now is your chance. But if you think that CRUS is going down,look at compaq. Much of the whole tech sector is collapsing; not just CRUS. You do have a good point though. Why hasn't CRUS purchased any shares? It would certainly improve the earnings per share if they did it before the earnings news. Who knows, maybe they have. Perhaps they are the only buyer. Many people must be selling at a loss now.