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


To: Bosco who wrote (5688)4/23/1998 4:09:00 PM
From: Calvin Scott  Respond to of 8193
 
Bosco, regarding my "bleeding" comments, I think the market sees that Cirrus has had a continuing problem with their fab capacity issues and for a very long period of time, but have done little to nothing about it. Yes, as I mentioned, there has to be some weight between labor costs, operating costs, etc. but the fact remains they have had this issue going on three years. One would think that it would not have to be used as an excuse.

Certainly, I have many good friends left at Cirrus none of which are Hackworth fans. Go back and read some of my past posts and get a feeling as to what I am talking about. I really do not want to rehash this and besides, everyone here already knows and I have already stated that a number of my comments are based not only on fact but, yes, emotion. FWIW.

I also stated about a month ago that I thought Cirrus had some momentum and would meet analyst expectations for the next two to three quarters. I credited this to Kelly, not Hackman. I strongly feel that Hackworth will resort to his old self, turn people off, and will loose this momentum. It is not in his nature to change management style.

Also, you said, "however, one is not doing oneself justice for being blinded by one's emotion without any relevant ground." I do believe I have stated many times and as best I could the "relevant grounds". At least my definition of such.

Calvin Scott