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   Technology StocksCirrus Logic


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To: Rory Holmes who wrote (33)10/14/1996 2:27:00 PM
From: Peter Hauser
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Earnings are due 10/23.

Expectation is $-0.01.

I wonder if any readers have a feel for whether the company will be above or below.

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To: Peter Hauser who wrote (34)10/14/1996 6:00:00 PM
From: subhash Patadia
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Definately above estimate. My best guess is 3 to 5 cents +ve. This stock will be 35 to 40 before the end of this year, if market stays
healthy.

sp

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To: Rory Holmes who wrote (33)10/15/1996 10:43:00 AM
From: Paresh Patel
   of 53
 
It seems like cirrus is having hard time (?) to reach to 25. It rallied from 15-16 to 21-22 with no problem. Is this normal ? I am new to stock market. What do you think about growth of this company ?

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To: Paresh Patel who wrote (36)10/16/1996 9:29:00 AM
From: Rory Holmes
   of 53
 
If you look at the annual report, this company has grown at a very healthy rate. The recent glut in the chip market hurt everyone but Cirrus was especially hit hard. They have spent a tremendous amount of money on R&D and the under utilization of capacity hurt them in 1996. I feel that this quarter is going to be the turn around and we have endured the bottom.

The earnings anncouncement is due out today. I'm hoping for .03 per share which should get the price going in the right direction again. The other chip stocks like intel took cirrus down last fall and should help support us now. I think this company is a good bargin at the $23 level.

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To: subhash Patadia who wrote (35)10/16/1996 11:12:00 AM
From: Vasu ganesan
   of 53
 
Hi Subhash:
Are there any Cirrus employees in this thread?. I am wondering if we could get the insider rumors/mood/opinion about how Cirrus is doing and what Cirrus will report today, in terms of earnings and meeting/beating the Wall street expectations. Of course I am not expecting to know about the actual Quarterly numbers before Cirrus publishes them today (after market close), but the insider expectations.
Thanks

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To: Vasu ganesan who wrote (38)10/16/1996 12:03:00 PM
From: Kevin Bolles
   of 53
 
Cirrus Logic has reduced its overstock and began major interfacing with major chip companies to reduce the risk of this occurring in the future. cirrus has signed several contracts which will boost earnings this QUARTER and will post numbers in acess of estimates, I hear at least 10 +.

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To: Kevin Bolles who wrote (39)10/16/1996 12:45:00 PM
From: Vasu ganesan
   of 53
 
Hi Kevin:
Thanks for the "insider" perspective. Wow!! +10 cents earnings for the quarter ending September (that is impressive, because of market expectation of flat earnings).
There still is some lingering questions about persisting inventory problems. Is the inventory "gone" or are being "reduced".
Of course, outside investors and Wall street have a positive outlook for Cirrus and again Chip & Technology's execellant September quarter indicates execellant September quarter also for Cirrus.
I really would appreciate your response to Cirrus employee mood (nervous/happy/high expectation)
Thanks.

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To: Kevin Bolles who wrote (39)10/16/1996 1:32:00 PM
From: Rory Holmes
   of 53
 
Your message indicates .10+ earnings "this quarter" do you mean quarter ending 9/96 or 12/96?? If you mean 9/96, the stock should react by going through the roof tomorrow.

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To: Rory Holmes who wrote (37)10/16/1996 2:49:00 PM
From: Paresh Patel
   of 53
 
Rory,
Thanks for the help. I can't wait to see reaction of earning report. Well, this is a waiting game after all.

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