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

To: The Gambler who wrote (5609)	4/18/1998 7:11:00 PM
From: Jan A. Van Hummel	Read Replies (1) \| Respond to of 8193

Gambler Sorry to address you as a gambler because I don't have your real name. It does not hurt to stir things up a bit. I am not contending anything about Mr. Teo and am not trying to paint him in any light, negative or positive, because I don't know him and certainly know nothing about his intentions. I can only make my own interpretation of what information we all have or have access to. From the plethora of posts in the last few months it seems there is the feeling that because there is a big investor he must have some insights most of us have not. Of one thing I am sure. Had Mr. Teo known that the stock would drop back to 10 after he just finished spending $70 - 80 million between $13 and $16 a share, he would either have waited and started buying now, or he might have stayed away. This aside from the possibility that his very buying may well have prevented the stock from dropping earlier than it did. It is my opinion that he entered this venture based on certain assumptions he made (and only he knows) expecting that at the level he bought he was setting up a solid base to reap future benefits. He is certainly not in the charity business to make other shareholders happy by keeping the price up. I trust you will grant me this argument that had he known he could buy the stock much cheaper by waiting, he would have waited, but he did not. It is also my opinion that had his average cost been around the current trading range or if the stock were trading at or near his average cost he would probably not have enlarged his share as he is doing now. The one best thing in his favor is time. He can wait it out and at some point in time when this segment of the market will recover, and recover it eventually will, chances are that he not only will recover his cost but will also make a decent return. The only thing that can go wrong is that management cannot steer CRUS back on track and we will all bear the consequences if that were to occur. It could well be that by enlarging his holdings Mr. Teo not only wants to bring down his cost but also to exercise a greater influence on the ongoings at CRUS even though he stated in his SEC filing that that was not his intend. To assume, the message inherent on many of the posts, that everything is going for Mr. Teo as planned is absurd. He has a lot at stake and his current actions are dictated by the position he found himself in after the stock declined precipitously. If I were in his position I would work at lowering my cost and increasing my influence on management to ensure my investment does not go down the drain altogether. While he originally might have thought about a long-term investment for a great return, I am sure his more immediate concern is not to lose what he has tied up already and may well exit once he has the opportunity to get out unscathed. Perhaps you don't see it this way and that is OK. However, the fact you may not like or share this viewpoint does not mean it could not be valid. JMHO Jan (my real name, not a Phantom one)

To: The Gambler who wrote (5609)	4/19/1998 10:37:00 AM
From: Frank Povoski	Read Replies (1) \| Respond to of 8193

Jan, It is very simple. Teo took his own money (he hold much in trust for Tax reasons) and invested in a company he felt has a great future and lots of value. He still feels that, but is upset with management. HE will be on the BoD soon and will fix the management issues. He obviously cannot exit his investment until he fixes things, since any liquidation on his part unless the stock is under accumulation with actually cause the stock to go down further. The semi story and the CRUS story will change dramatically, but the question is when. I firmly believe that Micron, CRUS and other that have fallen on hard times will again appreciate dramatically, the question is when. It looks that the ASIAN thing has pushed thing out a year, but 1999 we could see multi-years high in many of these companies.