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   Technology StocksCirrus Logic


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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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To: Rory Holmes who wrote (41)10/16/1996 7:20:00 PM
From: Vasu ganesan
   of 53
 
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.

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To: Vasu ganesan who wrote (44)10/16/1996 8:05:00 PM
From: Scotty Mac
   of 53
 
Vasu, where can I look on the internet to find out about the current after hours trading???

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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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