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

To: w molloy who wrote (5667)	4/22/1998 11:09:00 PM
From: ted quinn	Read Replies (2) \| Respond to of 8193

If I wasn't clear before, then I'll repeat: revenues were NOT up 35% year-on-year as someone on this thread mentioned earlier. That was a one-time gain, that licensing deal. And if it wasn't for that gain, they would have reported nearly $1/share loss for the 3rd year running. The whole numbers game is manipulated. CRUS took just enough of a fab writeoff to come out with 13 cents earnings. Probably could have jerked the numbers higher or lower depoending on the fab writedown. They probably thought nobody would notice because of the licensing deal. The stock price will bounce between 10 and 12 for the foreseeable future. No reason to buy, no reason to sell. This is NOT agrowth stock, and last time I checked Wall Street liked to invest in growth stocks (or those paying high dividends). CRUS has neither. Can't figure out why Arslanboy and others are applauding CRUS when it has had stagnate revenues for 3 years during a boom market in PCs.