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


To: DJBEINO who wrote (5977)6/19/1998 5:55:00 PM
From: ted quinn  Read Replies (2) | Respond to of 8193
 
STOP THE PRESSES!! FOR THE FIRST TIME WE HAVE CONFIRMATION THAT CRUS HAS REPURCHASED SHARES ON THE OPEN MARKET. MORE THAN 3.2 MILLION SHARES ALREADY PURCHASED (FOR $33.8 MILLION).

I hope I am not the only one reading the 10-K. If you own CRUS, you have to read it. Look at the little gem that I found:
18. SUBSEQUENT EVENTS
Subsequent to March 28, 1998 and through June 4, 1998, the Company has
repurchased approximately 3.2 million shares of its common stock at a
total cost of approximately $33.8 million. The repurchases were made
under a common stock repurchase program approved by the Board of Directors for the repurchase of up to 10,000,000 shares of its Common Stock in the open market from time to time, depending upon market conditions, share price and other conditions.