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

To: Phantom Dialer who wrote (5866)	5/25/1998 4:55:00 PM
From: David B. Higgs	Respond to of 8193

I'm curious about something. Let's assume Teo/Arnold/Greenway Partners do institute some type of Proxy battle for the July meeting. What would be the latest date for this type of activity to get off the ground (i.e. contact shareholders) and still be successful? CRUS obviously issued its Shareholder Rights Plan as a counter to Teo. Although it would end up in court, what would keep CRUS' management/board from cancelling/delaying the shareholders meeting for months for much the same reason for the Rights Plan while they initiated their gameplan, whatever it may be? A delay would give the Board and Management a great opportunity to improve on existing golden parachutes.

To: Phantom Dialer who wrote (5866)	5/25/1998 8:09:00 PM
From: Synapsid	Read Replies (1) \| Respond to of 8193

The info on the Yahoo thread is coming from Frank. He has apparently talked to the company and has written a great summary of where CRUS is doing and will need to do business, he knows the industry very well. I'm not sure why has chosen not to post on SI, but anyway here's a link to the first one of his message (it's the first of two parts). messages.yahoo.com@m2.yahoo.com Some points that struck me (plus some comments): Company seeking big design wins in new core areas. Integrated hard drive controller design coming up in next few months. Cirrus absolutely needs to get the Seagate design win (moreover, it looks like WDC will be using IBM silicon in 1999. CRUS' integrated controller was scheduled for March (Jan conf call), and the delay may have hurt business at WDC too). ESST giving away PC audio chips (signifying cut-throat competition in PC space). DVD silicon is not even sampling yet (I noticed Shinco, VCD leader in China signed with Toshiba). Still strong competition in core areas (for example ADI, recently announced design wins at Harman International, which is mentioned in Cirrus releases as a customer of Crystal professional audio products). There are bright prospect areas for Cirrus, but they need to execute. In a recent interview said they would need to focus on "excution, execution, execution". It seems even he knows that they need to get it right this time, especially with the new products.