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

To: Jan A. Van Hummel who wrote (5605)	4/18/1998 8:38:00 AM
From: richard surckla	Read Replies (1) \| Respond to of 8193

>>>IMHO Mr. Teo's recent purchases will be mostly aimed to provide him a possible exit at little or no cost, would he opt to do so.<<< ??????? What does this mean, and how would his recent purchases accomplish this?

To: Jan A. Van Hummel who wrote (5605)	4/19/1998 4:00:00 AM
From: Taxboy	Read Replies (1) \| Respond to of 8193

TEO does not have an exit plan. His MO is, he gets in these companies, gives management a chance and then boots them if they do not perform. He has been buying since november (i think) that is close to six months, plenty of time for Mr. Hackworth to pull his head out of his ass. If the earnings are not positive, Teo will get on the board and you can bet there have to be people at CRUS who think that Hackworth is a submoron and will side with Teo. Teo really can't get out, he only can get deeper in, which is fine with him.

To: Jan A. Van Hummel who wrote (5605)	4/20/1998 1:05:00 AM
From: JOHN N.	Respond to of 8193

I believe that a career investor like Teo who invests over $100 million of their cash only does so with a definite plan in mind. Don't you think that he has already analyzed all possible scenarios and already anticipated what he will do for each? He can afford to hire the best investment banking firms on wall street to do his "due diligence" on CRUS and help him formulate many plans of action. The only reason that Hackman is sitting on the CRUS cash horde is to make CRUS an attractive buyout candidate. Another 10% of CRUS and Teo controls the company. He already knows that Hackman does not impress the analysts with his current strategy for making profits. A more powerful CEO is called for here. Two years of languishing stock price is too long. We just have to wait and see what is going to happen.