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

To: cbstock who wrote (6064)	7/2/1998 12:28:00 PM
From: Calvin Scott	Read Replies (1) \| Respond to of 8193

CB, "CRUS has $500M in cash" I think you will find that CRUS spent a large portion of the cash position on stock buyback. As for the Phillips rumor or any rumor, I still subscribe to the theory that at the current level, with the poison pill plan in place, CRUS remains a good target to a number of companies. However, with he Asian flu hitting our shores along with flat to lower earnings for a number of high tech companies, I doubt seriously if something would happen before the end of the year. In the mean time, we ride the rumors up, and the shorts ride it down. Cirrus has an identity crisis with the financial community, Hackworth has an opportunity to improve some of the thinking on Wall Street and he sits on his high horses and essentially says nothing. Man is this guy arrogant! I am beginning to get the "short" time blues. Calvin Scott