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Technology Stocks : Cirrus Logic

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To: Vasu ganesan who wrote (44)10/17/1996 10:58:00 AM
From: Rory Holmes   of 53
 
Well you have half of the story. They actually reported a .06 loss on operations and an .11 one time gain on the sale of assets. Expect the market to react in a negative fashion for at least the short term. I'm still bullish on this stock but I am disapointed in the previous quarters results. Looking ahead, Cirrus has a lot to offer the PC market and PC sales look good for the Christmas season. Corporations are reported to be buying PC's at a greater rate in the next 12 months as well.
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