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

To: Synapsid who wrote (5908)	6/9/1998 12:58:00 PM
From: James Harold Alton	Read Replies (1) \| Respond to of 8193

S. I noticed that Seagate was upgraded to a BUY today and jumped up in response, I wonder if this bodes well for CRUS and for other techs in this sector that have been beat comatose? I really like the fact that CRUS is loaded with cash and has a stock buyback in place. I wonder if the solid support we are seeing right at $9.50 is indicative of buying by the company? Does anyone know how large the stock buyback program for Cirrus is? It appears that they have enough cash on hand to potentially repurchase a large % of the outstanding which at these levels makes a lot of sense to me. I noticed that the last time CRUS was at this level, it bounced about 20%..wonder if that will happen again... James