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Cirrus Logic Inc. Message Board

  • gauravrangraj gauravrangraj Feb 7, 2013 11:06 AM Flag

    Is there any new development today??

    Wonder why its falling and whether it has anything to do with the lawsuit or the technology conference yesterday... Any thoughts ??

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    • Nothing much new in the conference call yesterday, just some clarification on some issues. As far as earnings. We would have been spot on the analysts estimates last qtr. if the 25 million had not been pulled in this qtr. We would have also been spot on the estimates for this qtr. with the 25 million still in it. I believe we would have still beat EPS last qtr. with the buyback. We also probably would not have all the possible lawsuits. You would think stock price would have went up due to all this. Instead we pulled the 25 million into last qtr. Got punished for lowering estimates this qtr. and stock price is plummeting. Ridiculous.

    • Nobody knows- Posters are either a bunch of longs that are stuck from high or mid 30 s here ( like me), or Austin, the famouse short lol

      we are all frustrated and these lawsuis make it even worse for us.

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