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


To: peter lo who wrote (6089)7/7/1998 8:35:00 PM
From: Synapsid  Read Replies (1) | Respond to of 8193
 
Well, I would be quite relieved if they remained profitable this quarter. There is definitely a huge drop in revenues (as forecasted by the company since early this year and general industry conditions would aggravate it). Some of the new products are looking very good indeed but I would expect their contribution to become material only towards the end of the year or in 1999. The big question is, how will the stock price hold up for the rest of the year, given that mediocre results (with particularly low revenues) are likely (and indeed forecasted by the company) for the next few quarters? That's apart from any rumoured fab write-offs.