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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
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 +.
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.
Hi Rory: Cirrus did pretty good. It reported +5 cents for the quarter ending Sept. 1996, the street expectation was -1 cent to flat. Cirrus is trading at 24 1/4 in after markets (Instinet) up 1/4 from today's close. Cirrus can do good tomorrow. Apple is dominating the after close trading. It reported a real surprice +6 cents earnings and is trading at about 27 3/4 about 2 above todays closing. Also Informix which reported a lower than expected earning is trading in Instinet about 23 someting, about 3 DOWN after todays close.