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

To: ted quinn who wrote (5766)	5/5/1998 10:55:00 PM
From: grogger	Respond to of 8193

Is Teo our knight in shining armour?? It should be an interesting day. It would be nice to get someone in there that can turn this around. I've been holding on way too long. Good luck. Rob

To: ted quinn who wrote (5766)	5/6/1998 12:29:00 AM
From: ptrader	Read Replies (2) \| Respond to of 8193

I would be careful about all this talk about takeover. For those that have followed this company should know that CRUS is starting in a new direction as stated in the H&Q conference. This will be a down year for CRUS. The new strategy is to take 3 years to be successful. There is much risk over the next few years. There is no guarantee CRUS will be successful. Also, everyone talks about ALL this cash. The plain fact is that the company still owes 341M on the bonds and 500M on the Fabs (MiCRUS and Crient). Who would want to buy this company and would the employees welcome a guy like Teo who knows nothing about semiconductors. I don't think so. The average employee owns very little CRUS stock and would not care for a split of the company. I feel bad for all shareholders that have lost money on CRUS, but you buy stock on YOUR own risk. Also, Drew Peck called it right about in 1995 and is very good.