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

To: Terrapin who wrote (5721)	5/4/1998 2:55:00 PM
From: Calvin Scott	Read Replies (1) \| Respond to of 8193

John, your comments on DVD and the contracts with the fabs makes a lot of sense. The fabs could be bought out, that is, the contracts could be handled with some of the cash. There is still plenty left. As for the DVD business, it makes the Mass Storage group even more attractive and knowing a lot of those folkes over there, my guess is that they would love to be on their own without the Hackman. Calvin Scott

To: Terrapin who wrote (5721)	5/4/1998 6:47:00 PM
From: Ronald Allen	Read Replies (2) \| Respond to of 8193

Cirrus Logic Adopts Shareholder Rights Plan 05/04/1998 18:26 Business Wire (Copyright (c) 1998, Business Wire) FREMONT, Calif.--(BUSINESS WIRE)--May 4, 1998--The Board of Directors of Cirrus Logic Inc. (NASDAQ:CRUS) today announced that it has adopted a shareholder rights plan in that it has declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of the company's Common Stock. Each right will entitle shareholders to buy one share of the company's Series A Participating Preferred Stock at an exercise price of $60.00. The Rights will become exercisable following the tenth day after a person or group announces acquisition of 15 percent or more of the company's Common Stock or announces commencement of a tender offer the consummation of which would result in ownership by the person or group of 15 percent or more of the Common Stock. The company will be entitled to redeem the Rights at $0.01 per Right at any time on or before the tenth day following acquisition by a person or group of 15 percent or more of the company's Common Stock. If, prior to redemption of the Rights, a person or group acquires 15 percent or more of the company's Common Stock, each Right not owned by a holder of 15 percent or more of the Common Stock will entitle its holder to purchase, at the Right's then current exercise price, that number of shares of Common Stock of the company (or, in certain circumstances as determined by the Board, cash, other property or other securities) having a market value at that time of twice the Right's exercise price. If, after the tenth day following acquisition by a person or group of 15 percent or more of the company's Common Stock, Cirrus Logic sells more than 50 percent of its assets or earning power or is acquired in a merger or other business combination transaction, the acquiring person must assume the obligations under the Rights and the Rights will become exercisable to acquire Common Stock of the acquiring person at the discounted price. At any time after an event triggering exercisability of the Rights at a discounted price and prior to the acquisition by the acquiring person of 50 percent or more of the outstanding Common Stock, the Board of Directors of the company may exchange the Rights (other than those owned by the acquiring person or its affiliates) for Common Stock of the company at an exchange ratio of one share of Common Stock per Right. The Rights are designed to assure that the company's shareholders receive fair and equal treatment in the event of any proposed takeover of the company and to guard against partial tender offers and other abusive tactics to gain control of Cirrus Logic without paying all shareholders the fair value of their shares, including a "control premium." The dividend distribution will be made on May 15, 1998, payable to shareholders of record on May 15, 1998. The Rights will expire on May 15, 2008. Further details of the Rights are contained in a letter that will be mailed to all Cirrus Logic shareholders.