Cirrus Logic (CRUS)

[traderzer0]

To be fair, most of the tickers on my watch list are down today also. It's a Friday. I'm hoping in general for a bounce play here, given past performance. I don't think I've spoken too soon.

[lloyd20]

It is down almost 2 points. Are your sure your ride was up???

[starbuxsux]

Cirrus Logic Reports March Quarter Revenue Up 87 Percent Year-Over-Year to $207 Million

4:00 PM ET 4/25/13 | BusinessWire
Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the fourth quarter and full fiscal year 2013, which ended March 30, as well as the company's current business outlook.

"FY13 was a tremendous year for Cirrus Logic. We experienced substantial growth in our revenue and operating profit, we significantly expanded our footprint in portable audio and we launched our new LED lighting products," said Jason Rhode, president and chief executive officer. "We are aligned with the best customers around, and our team is actively engaged in new developments that are expected to drive our growth over time."

Reported Financial Results - Fourth Quarter FY13

-- Revenue of $207 million;

-- Gross margin of 40.4 percent, which, as disclosed in our press release on April 16, included an inventory reserve of approximately $20.7 million that resulted in a gross margin decline of slightly more than 10 percent;

-- GAAP operating expenses of $50 million and non-GAAP operating expenses of $44 million; and

-- GAAP diluted earnings per share of $0.39 and non-GAAP diluted earnings per share of $0.59.

Reported Financial Results - Complete FY13

-- Revenue of $810 million;

-- Gross margin of 49 percent;

-- GAAP operating expenses of $194 million and non-GAAP operating expenses of $169 million; and

-- GAAP diluted earnings per share of $2.00 and non-GAAP diluted earnings per share of $3.24.

A reconciliation of the non-GAAP charges is included in the tables accompanying this press release.

Business Outlook - First Quarter FY14

-- Revenue is expected to range between $150 million and $170 million;

-- Gross margin is expected to be between 50 percent and 52 percent; and

-- Combined R&D and SG&A expenses are expected to range between $51 million and $55 million, which includes approximately $6 million in share-based compensation.

Cirrus Logic will host a live Q&A session at 5 p.m. EDT today to answer questions related to its financial results and business outlook. Participants may listen to the conference call on the Cirrus Logic website. Participants who would like to submit a question to be addressed during the call are requested to email [e-mail]. A replay of the webcast can be accessed on the Cirrus Logic website approximately two hours following its completion, or by calling [phone], or toll-free at [phone] (Access Code: 32769785).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Use of non-GAAP Financial Information

To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including operating expenses, net income, operating profit and diluted earnings per share. A reconciliation of the adjustments to GAAP results is included in the tables below. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including our estimates of first quarter fiscal year 2014 revenue, gross margin, combined research and development and selling, general and administrative expense levels, and share-based compensation expense. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," "intend," and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the following: the level of orders and shipments during the first quarter of fiscal year 2014, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; and the risk factors listed in our Form 10-K for the year ended March 31, 2012, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.

[traderzer0]

No readers here apparently. Well, for the history books let it be known: I got in on April 25, and rode this puppy back up to a higher pps :)

Cheers.

[starbuxsux]

$CRUS - Cirrus Logic Announces Preliminary Q4 Revenue Increases 87 Percent Year Over Year to Approximately $206.9M

6:47 PM ET 4/16/13 | BusinessWire

Cirrus Logic Inc. (Nasdaq: CRUS) today announced preliminary net revenue of approximately $206.9 million, based on unaudited financial results for the fourth quarter, which ended March 30, 2013. The company also announced that it will record a total net inventory reserve of $23.3 million of which approximately $20.7 million is due to a decreased forecast for a high volume product as the customer migrates to one of Cirrus Logic's newer components. The $20.7 million inventory reserve is expected to result in a decrease in gross margin for the quarter of slightly more than 10 percent to approximately 40.4 percent, below the company's previous guidance range of 50 to 52 percent. Additionally, combined R&D and SG&A expenses are expected to be approximately $50 million, which includes roughly $6 million of stock based compensation and other charges.

The company expects margins to return to the 50 to 52 percent range on revenue of $150 to $170 million in the first fiscal quarter. R&D and SG&A expense for the June quarter is anticipated to be $51 million to $55 million, which includes approximately $6 million of stock based compensation.

"FY13 was an outstanding year for Cirrus Logic. While it is unfortunate to close the year with a significant inventory reserve, this should not overshadow the significant progress the company has made throughout this past fiscal year," said Jason Rhode, president and chief executive officer, Cirrus Logic. "We continue to be aligned with the very best customers in the markets we serve and our team is hard at work on development activities that will position us to capitalize on exciting opportunities in the future."

The company will post its fourth quarter and full fiscal 2013 year financial results and business outlook on the investor relations area of its website at http://investor.cirrus.com on Thursday, April 25, at approximately 4 p.m. EDT.

Cirrus Logic will host a live Q&A webcast session on the investor relations website at 5 p.m. EDT that same day to answer questions related to its financial results and business outlook. Shareholders who would like to submit a question to be addressed during the call are requested to email [e-mail].

A replay of the Q&A session will be available on the website listed above beginning approximately two hours following the completion of the webcast, or by dialing [phone], or toll free at [phone] (Access Code: 32769785).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release reflect the company's preliminary estimates for the fourth quarter of fiscal year 2013, and are subject to our fourth quarter review process. This release also contains other forward-looking statements, including our expected revenues, gross margin, and total R&D and SG&A operating expenses for the first quarter of fiscal year 2014. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," and "intend," variations of these types of words and similar expressions are intended to identify these forward-looking statements. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the level of orders and shipments during the first quarter of fiscal year 2014, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; our ability to introduce and ramp production of new products in a timely manner; and the risk factors listed in our Form 10-K for the year ended March 31, 2012, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.

CRUS-F

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130416006806r1&sid=cmtx4&distro=nx

SOURCE: Cirrus Logic Inc.

Cirrus Logic, Inc.
Thurman K. Case, 512-851-4125
Chief Financial Officer
[e-mail]

[Leirum]

Being beaten down in the wind channel of Apple, CRUS offers very juicy ratios. What is good for Tudor Jones who added to the position according to a 13F Filing through his Tudor Investment, is good for me as well.

[starbuxsux]

Cirrus Logic Reports December Quarter Revenue Up 153 Percent Year-Over-Year to $310 Million

4:00 PM ET 1/24/13 | BusinessWire

Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the third quarter of fiscal year 2013, which ended Dec. 29, as well as the company's current business outlook.

"Q3 was a great quarter for Cirrus Logic as demand for multiple new products in portable audio drove revenue above our expectations," said Jason Rhode, president and chief executive officer. "During the quarter, we gained traction with our portable audio and LED lighting products, where we began shipping in additional SKUs and customers. Our outlook for the year remains on track, and we are positioned well for further growth in FY14. We continue to see significant opportunities to grow our business with both new and existing customers."

Reported Financial Results - Third Quarter FY2013

-- Revenue of $310 million;

-- Gross margin of 51 percent;

-- GAAP operating expenses of $52 million and non-GAAP operating expenses of $43 million;

-- GAAP diluted earnings per share of $ 0.99 and non-GAAP diluted earnings per share of $1.64.

A reconciliation of the non-GAAP charges is included in the tables accompanying this press release.

Business Outlook - Fourth Quarter FY2013

-- Revenue is expected to range between $200 million and $220 million;

-- Gross margin is expected to be between 50 percent and 52 percent;

-- Combined R&D and SG&A expenses are expected to range between $49 million and $51 million, which includes approximately $6 million in share-based compensation.

Cirrus Logic will host a live Q&A session at 5 p.m. EST today to answer questions related to its financial results and business outlook. Participants may listen to the conference call on the Cirrus Logic website. Participants who would like to submit a question to be addressed during the call are requested to email [e-mail]. A replay of the webcast can be accessed on the Cirrus Logic website approximately two hours following its completion, or by calling [phone], or toll-free at [phone] (Access Code: 86031084).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Use of non-GAAP Financial Information

To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including operating expenses, net income, operating margin and diluted earnings per share. A reconciliation of the adjustments to GAAP results is included in the tables below. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including our estimates of fourth quarter fiscal year 2013 revenue, gross margin, combined research and development and selling, general and administrative expense levels, and share-based compensation expense, as well as estimates for our fiscal year 2014 revenue growth. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," "intend," and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the following: the level of orders and shipments during the fourth quarter and complete fiscal year 2013, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; our ability to introduce and ramp production of new products in a timely manner; and the risk factors listed in our Form 10-K for the year ended March 31, 2012, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.

CRUS-F

Summary financial data follows:

View data
CIRRUS LOGIC, INC.
CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS
(unaudited)
(in thousands, except per share data)
Three Months Ended Nine Months Ended
---------------------------------------------- ------------------------------
Dec. 29, Sep. 29, Dec. 31, Dec. 29, Dec. 31,
2012 2012 2011 2012 2011
-------------- -------------- -------------- -------------- --------------
Q3'13 Q2'13 Q3'12 Q3'13 Q3'12
-------------- -------------- -------------- -------------- --------------
Audio products $ 300,010 $ 177,915 $ 105,418 $ 558,671 $ 260,220
Energy products 10,123 15,859 16,950 44,242 55,992
------- ------- ------- ------- -------
Net revenue 310,133 193,774 122,368 602,913 316,212
------- ------- ------- ------- -------
Cost of sales 152,083 93,687 56,338 291,336 148,118
------- ------- ------- ------- -------
Gross Profit 158,050 100,087 66,030 311,577 168,094
Research and development 29,608 29,468 23,143 83,986 61,592
Selling, general and administrative 19,021 20,194 16,488 57,274 47,854
Restructuring and other costs 3,292 - - 3,292 -
------- ------- ------- ------- -------
Total operating expenses 51,921 49,662 39,631 144,552 109,446
------- ------- ------- ------- -------
Operating income 106,129 50,425 26,399 167,025 58,648
Interest income, net 76 131 112 334 378
Other expense, net (31 ) (40 ) (71 ) (94 ) (115 )
------- -- ------- -- ------- -- ------- -- ------- --
Income before income taxes 106,174 50,516 26,440 167,265 58,911
Provision for income taxes 38,312 15,067 9,709 57,027 21,755
------- ------- ------- ------- -------
Net income $ 67,862 $ 35,449 $ 16,731 $ 110,238 $ 37,156
== ======= == ======= == ======= == ======= == =======
Basic earnings per share: $ 1.04 $ 0.55 $ 0.26 $ 1.70 $ 0.57
Diluted earnings per share: $ 0.99 $ 0.51 $ 0.25 $ 1.60 $ 0.55
Weighted average number of shares:
Basic 65,055 64,924 63,957 64,859 65,161
Diluted 68,866 69,207 66,989 68,946 68,099
See notes to Consolidated Condensed Statement of Operations
Prepared in accordance with Generally Accepted Accounting
Principles

CIRRUS LOGIC, INC. CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS (unaudited) (in thousands, except per share data) Three Months Ended Nine Months Ended ---------------------------------------------- ------------------------------ Dec. 29, Sep. 29, Dec. 31, Dec. 29, Dec. 31, 2012 2012 2011 2012 2011 -------------- -------------- -------------- -------------- -------------- Q3'13 Q2'13 Q3'12 Q3'13 Q3'12 -------------- -------------- -------------- -------------- -------------- Audio products $ 300,010 $ 177,915 $ 105,418 $ 558,671 $ 260,220 Energy products 10,123 15,859 16,950 44,242 55,992 ------- ------- ------- ------- ------- Net revenue 310,133 193,774 122,368 602,913 316,212 ------- ------- ------- ------- ------- Cost of sales 152,083 93,687 56,338 291,336 148,118 ------- ------- ------- ------- ------- Gross Profit 158,050 100,087 66,030 311,577 168,094 Research and development 29,608 29,468 23,143 83,986 61,592 Selling, general and administrative 19,021 20,194 16,488 57,274 47,854 Restructuring and other costs 3,292 - - 3,292 - ------- ------- ------- ------- ------- Total operating expenses 51,921 49,662 39,631 144,552 109,446 ------- ------- ------- ------- ------- Operating income 106,129 50,425 26,399 167,025 58,648 Interest income, net 76 131 112 334 378 Other expense, net (31 ) (40 ) (71 ) (94 ) (115 ) ------- -- ------- -- ------- -- ------- -- ------- -- Income before income taxes 106,174 50,516 26,440 167,265 58,911 Provision for income taxes 38,312 15,067 9,709 57,027 21,755 ------- ------- ------- ------- ------- Net income $ 67,862 $ 35,449 $ 16,731 $ 110,238 $ 37,156 == ======= == ======= == ======= == ======= == ======= Basic earnings per share: $ 1.04 $ 0.55 $ 0.26 $ 1.70 $ 0.57 Diluted earnings per share: $ 0.99 $ 0.51 $ 0.25 $ 1.60 $ 0.55 Weighted average number of shares: Basic 65,055 64,924 63,957 64,859 65,161 Diluted 68,866 69,207 66,989 68,946 68,099 See notes to Consolidated Condensed Statement of Operations Prepared in accordance with Generally Accepted Accounting Principles

View data
CIRRUS LOGIC, INC.
RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL INFORMATION
(unaudited, in thousands, except per share data)
(not prepared in accordance with GAAP)
Non-GAAP financial information is not meant as a substitute for
GAAP results, but is included because management believes such
information is useful to our investors for informational and
comparative purposes. In addition, certain non-GAAP financial
information is used internally by management to evaluate and manage
the company. As a note, the non-GAAP financial information used by
Cirrus Logic may differ from that used by other companies. These
non-GAAP measures should be considered in addition to, and not as a
substitute for, the results prepared in accordance with GAAP.
Three Months Ended Nine Months Ended
-------------------------------------------- ------------------------------
Dec. 29, Sep. 29, Dec. 31, Dec. 29, Dec. 31,
2012 2012 2011 2012 2011
-------------- ------------- ------------- -------------- --------------
Net Income Reconciliation Q3'13 Q2'13 Q3'12 Q3'13 Q3'12
-------------- ------------- ------------- -------------- --------------
GAAP Net Income $ 67,862 $ 35,449 $ 16,731 $ 110,238 $ 37,156
Amortization of acquisition intangibles - 251 353 604 1,059
Stock based compensation expense 6,026 5,563 2,769 15,762 8,728
Restructuring and other costs, net ** 3,245 - - 3,245 622
Provision for income taxes 35,667 13,580 8,992 52,602 20,139
------- ------ ------ ------- -------
Non-GAAP Net Income $ 112,800 $ 54,843 $ 28,845 $ 182,451 $ 67,704
== ======= == ====== == ====== == ======= == =======
Earnings Per Share Reconciliation *
GAAP Diluted earnings per share $ 0.99 $ 0.51 $ 0.25 $ 1.60 $ 0.55
Effect of Amortization of acquisition intangibles - - 0.01 0.01 0.02
Effect of Stock based compensation expense 0.09 0.08 0.04 0.23 0.13
Effect of Restructuring and other costs, net ** 0.05 - - 0.05 -
Effect of Provision for income taxes 0.51 0.20 0.13 0.76 0.29
------- ------ ------ ------- -------
Non-GAAP Diluted earnings per share $ 1.64 $ 0.79 $ 0.43 $ 2.65 $ 0.99
== ======= == ====== == ====== == ======= == =======
Operating Income Reconciliation
GAAP Operating Income $ 106,129 $ 50,425 $ 26,399 $ 167,025 $ 58,648
GAAP Operating Margin 34 % 26 % 22 % 28 % 19 %
Amortization of acquisition intangibles - 251 353 604 1,059
Stock compensation expense - COGS 218 119 92 455 285
Stock compensation expense - R&D 3,234 2,097 1,613 7,574 3,837
Stock compensation expense - SG&A 2,574 3,347 1,064 7,733 4,606
Restructuring and other costs, net ** 3,245 - - 3,245 622
------- ------ ------ ------- -------
Non-GAAP Operating Income $ 115,400 $ 56,239 $ 29,521 $ 186,636 $ 69,057
== ======= == ====== == ====== == ======= == =======
Non-GAAP Operating Margin 37 % 29 % 24 % 31 % 22 %
Operating Expense Reconciliation
GAAP Operating Expenses $ 51,921 $ 49,662 $ 39,631 $ 144,552 $ 109,446
Amortization of acquisition intangibles - (251 ) (353 ) (604 ) (1,059 )
Stock compensation expense - R&D (3,234 ) (2,097 ) (1,613 ) (7,574 ) (3,837 )
Stock compensation expense - SG&A (2,574 ) (3,347 ) (1,064 ) (7,733 ) (4,606 )
Restructuring and other costs, net ** (3,245 ) - - (3,245 ) (622 )
------- -- ------ ------ ------- -- ------- --
Non-GAAP Operating Expenses $ 42,868 $ 43,967 $ 36,601 $ 125,396 $ 99,322
== ======= == ====== == ====== == ======= == =======
* Certain YTD numbers may not tie to individual quarter
presentation due to YTD share count dilution
** Other expenses (proceeds) may contain certain items such as
litigation expenses, proceeds from a patent agreement,
restructuring items, sales reorganizations, asset gains and
impairments of non-marketable securities.

CIRRUS LOGIC, INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL INFORMATION (unaudited, in thousands, except per share data) (not prepared in accordance with GAAP) Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. As a note, the non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP. Three Months Ended Nine Months Ended -------------------------------------------- ------------------------------ Dec. 29, Sep. 29, Dec. 31, Dec. 29, Dec. 31, 2012 2012 2011 2012 2011 -------------- ------------- ------------- -------------- -------------- Net Income Reconciliation Q3'13 Q2'13 Q3'12 Q3'13 Q3'12 -------------- ------------- ------------- -------------- -------------- GAAP Net Income $ 67,862 $ 35,449 $ 16,731 $ 110,238 $ 37,156 Amortization of acquisition intangibles - 251 353 604 1,059 Stock based compensation expense 6,026 5,563 2,769 15,762 8,728 Restructuring and other costs, net ** 3,245 - - 3,245 622 Provision for income taxes 35,667 13,580 8,992 52,602 20,139 ------- ------ ------ ------- ------- Non-GAAP Net Income $ 112,800 $ 54,843 $ 28,845 $ 182,451 $ 67,704 == ======= == ====== == ====== == ======= == ======= Earnings Per Share Reconciliation * GAAP Diluted earnings per share $ 0.99 $ 0.51 $ 0.25 $ 1.60 $ 0.55 Effect of Amortization of acquisition intangibles - - 0.01 0.01 0.02 Effect of Stock based compensation expense 0.09 0.08 0.04 0.23 0.13 Effect of Restructuring and other costs, net ** 0.05 - - 0.05 - Effect of Provision for income taxes 0.51 0.20 0.13 0.76 0.29 ------- ------ ------ ------- ------- Non-GAAP Diluted earnings per share $ 1.64 $ 0.79 $ 0.43 $ 2.65 $ 0.99 == ======= == ====== == ====== == ======= == ======= Operating Income Reconciliation GAAP Operating Income $ 106,129 $ 50,425 $ 26,399 $ 167,025 $ 58,648 GAAP Operating Margin 34 % 26 % 22 % 28 % 19 % Amortization of acquisition intangibles - 251 353 604 1,059 Stock compensation expense - COGS 218 119 92 455 285 Stock compensation expense - R&D 3,234 2,097 1,613 7,574 3,837 Stock compensation expense - SG&A 2,574 3,347 1,064 7,733 4,606 Restructuring and other costs, net ** 3,245 - - 3,245 622 ------- ------ ------ ------- ------- Non-GAAP Operating Income $ 115,400 $ 56,239 $ 29,521 $ 186,636 $ 69,057 == ======= == ====== == ====== == ======= == ======= Non-GAAP Operating Margin 37 % 29 % 24 % 31 % 22 % Operating Expense Reconciliation GAAP Operating Expenses $ 51,921 $ 49,662 $ 39,631 $ 144,552 $ 109,446 Amortization of acquisition intangibles - (251 ) (353 ) (604 ) (1,059 ) Stock compensation expense - R&D (3,234 ) (2,097 ) (1,613 ) (7,574 ) (3,837 ) Stock compensation expense - SG&A (2,574 ) (3,347 ) (1,064 ) (7,733 ) (4,606 ) Restructuring and other costs, net ** (3,245 ) - - (3,245 ) (622 ) ------- -- ------ ------ ------- -- ------- -- Non-GAAP Operating Expenses $ 42,868 $ 43,967 $ 36,601 $ 125,396 $ 99,322 == ======= == ====== == ====== == ======= == ======= * Certain YTD numbers may not tie to individual quarter presentation due to YTD share count dilution ** Other expenses (proceeds) may contain certain items such as litigation expenses, proceeds from a patent agreement, restructuring items, sales reorganizations, asset gains and impairments of non-marketable securities.

View data
CIRRUS LOGIC, INC.
CONSOLIDATED CONDENSED BALANCE SHEET
unaudited; in thousands
Dec. 29, Sep. 29, Dec. 31,
2012 2012 2011
------------------ ------------------ ------------------
ASSETS
Current assets
Cash and cash equivalents $ 87,452 $ 67,846 $ 38,010
Restricted investments - - 2,898
Marketable securities 60,717 66,731 99,342
Accounts receivable, net 170,683 130,870 54,512
Inventories 135,023 144,881 58,079
Deferred tax asset 53,140 53,144 30,798
Other current assets 21,775 19,845 16,116
--------- --------- ---------
Total Current Assets 528,790 483,317 299,755
Long-term marketable securities - - 20,092
Property and equipment, net 100,534 86,992 57,263
Intangibles, net 4,920 5,208 18,596
Goodwill 6,027 6,027 6,027
Deferred tax asset 36,466 72,150 82,071
Other assets 15,761 21,402 10,813
--------- --------- ---------
Total Assets $ 692,498 $ 675,096 $ 494,617
=== ========= === ========= === =========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable $ 95,493 $ 103,366 $ 45,104
Accrued salaries and benefits 13,752 15,594 11,539
Other accrued liabilities 13,992 14,218 14,259
Deferred income on shipments to distributors 5,579 6,580 8,511
--------- --------- ---------
Total Current Liabilities 128,816 139,758 79,413
Other long-term obligations 10,131 10,042 6,494
Stockholders' equity:
Capital stock 1,033,549 1,025,272 1,001,967
Accumulated deficit (479,225 ) (499,233 ) (592,436 )
Accumulated other comprehensive loss (773 ) (743 ) (821 )
--------- --- --------- --- --------- ---
Total Stockholders' Equity 553,551 525,296 408,710
--------- --------- ---------
Total Liabilities and Stockholders' Equity $ 692,498 $ 675,096 $ 494,617
=== ========= === ========= === =========
Prepared in accordance with Generally Accepted Accounting
Principles

CIRRUS LOGIC, INC. CONSOLIDATED CONDENSED BALANCE SHEET unaudited; in thousands Dec. 29, Sep. 29, Dec. 31, 2012 2012 2011 ------------------ ------------------ ------------------ ASSETS Current assets Cash and cash equivalents $ 87,452 $ 67,846 $ 38,010 Restricted investments - - 2,898 Marketable securities 60,717 66,731 99,342 Accounts receivable, net 170,683 130,870 54,512 Inventories 135,023 144,881 58,079 Deferred tax asset 53,140 53,144 30,798 Other current assets 21,775 19,845 16,116 --------- --------- --------- Total Current Assets 528,790 483,317 299,755 Long-term marketable securities - - 20,092 Property and equipment, net 100,534 86,992 57,263 Intangibles, net 4,920 5,208 18,596 Goodwill 6,027 6,027 6,027 Deferred tax asset 36,466 72,150 82,071 Other assets 15,761 21,402 10,813 --------- --------- --------- Total Assets $ 692,498 $ 675,096 $ 494,617 === ========= === ========= === ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 95,493 $ 103,366 $ 45,104 Accrued salaries and benefits 13,752 15,594 11,539 Other accrued liabilities 13,992 14,218 14,259 Deferred income on shipments to distributors 5,579 6,580 8,511 --------- --------- --------- Total Current Liabilities 128,816 139,758 79,413 Other long-term obligations 10,131 10,042 6,494 Stockholders' equity: Capital stock 1,033,549 1,025,272 1,001,967 Accumulated deficit (479,225 ) (499,233 ) (592,436 ) Accumulated other comprehensive loss (773 ) (743 ) (821 ) --------- --- --------- --- --------- --- Total Stockholders' Equity 553,551 525,296 408,710 --------- --------- --------- Total Liabilities and Stockholders' Equity $ 692,498 $ 675,096 $ 494,617 === ========= === ========= === ========= Prepared in accordance with Generally Accepted Accounting Principles

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130124005957r1&sid=cmtx4&distro=nx

SOURCE: Cirrus Logic, Inc.

Cirrus Logic, Inc.
Thurman K. Case, 512-851-4125
Chief Financial Officer
[e-mail]

[starbuxsux]

Better Buy: Apple or Cirrus Logic?

http://www.fool.com/investing/general/2012/12/16/better-buy-apple-or-cirrus-logic.aspx

[starbuxsux]

They seem to be joined at the hip

[SilverSurfer]

I trade so was not in this today, but it's all about apple.... down big today

[starbuxsux]

If the company had not taken any action, the next support level would have been around 25 and then at the 500-day simple moving average (22.57).

So are they bringing it down on purpose or was it just the dog and pony show about the fiscal cliff bringing it down?

[starbuxsux]

Nice call!

[starbuxsux]

Solid assessment SilverSurfer...I'm inclined to agree with you and will be buying soon! GLTY!

[SilverSurfer]

“The purchases will take place ‘from time to time' and will depend on the market price, general market and economic conditions as well as ‘other corporate considerations.'”

Management clearly wanted to put an end to the recent slide in the share price and feels that, in light of sharply higher earnings, $30 is a good place to draw a line in the sand.

Looking at the chart, it is interesting to note that the price had fallen through a major support level at the 200-day simple moving average (30.54) at the end of last week. If the company had not taken any action, the next support level would have been around 25 and then at the 500-day simple moving average (22.57).

There is a huge gap up in the chart back on July 31 between 29.90 and 35.55. That gap has now been filled.

Technically, management could not have picked a better time to announce the buyback program. Today's rally has put the share price solidly above rising support at the 200-day simple moving average. A reasonable target for a short-term trade would be the 50-day simple moving average which is at 37.33.

[starbuxsux]

Little gap up today...let's see if it comes down and fills?

[starbuxsux]

Is the buyback overwith?

[SilverSurfer]

Buy this now, imho

[starbuxsux]

Looking ready for re-entry yet? AAPL bringing this down?

[Penny Roger$]

many 62 week highs out there 47 y2k top coming soon.

[starbuxsux]

Is this the most under the radar play or what? I got my double on Friday!

[starbuxsux]

UPDATE: Cirrus Logic Shares Soar on Big Hopes for Apple Devices

Jul 31, 2012 11:39:26 (ET)


--Cirrus Logic shares soar following strong guidance for the second half of 2012

--Chip maker counts Apple as its biggest customer

--Analysts say bullish view can indicate a new iPhone and potential mini iPad

(Adds analysts' comments in 13th to 15th paragraphs.)



By Shara Tibken

Cirrus Logic Inc.'s (CRUS) bullish growth targets for the back half of the calendar year sent shares soaring Tuesday and heightened anticipation for new devices from major customer Apple Inc. (AAPL).

Cirrus Logic, which makes audio and energy chips for smartphones and other devices, late Monday said its revenue should surge about 70% to 90% sequentially in the current period and again grow significantly in the December quarter. The company, whose guidance was much better than analysts anticipated, is benefiting in particular from its position as a major audio chip supplier to Apple.

"Across the board, we're seeing some great things for the devices we've developed in the past year," Chief Executive Jason Rhode said during a conference call, according to a FactSet transcript.

The news sent Cirrus shares up 23% to $36.76 in recent trading, and they have more than doubled in value over the past 12 months. Apple shares were up 2.5% to $609.59 in recent trading and have gained 56% over the past 12 months.

Cirrus on Monday projected revenue of $170 million to $190 million in the fiscal second quarter, well above the first quarter's $99 million and the $130 million estimated by analysts, according to Thomson Reuters. Its fiscal first-quarter results were largely in line with expectations.

CapStone Investments analyst Jeff Schreiner said Cirrus's September-quarter guidance likely "left many with their jaws hanging wide open." He added that with Apple's product launches moving closer in coming months, visibility into Cirrus's fiscal 2013 growth has likely increased.

"Investors should likely 'pay up' for [Cirrus's] near-term growth, as potential for revisions higher still remain in place," Mr. Schreiner said.

Cirrus took pains to avoid talking about Apple during its conference call. The company derives more than half of its revenue from Apple, but it doesn't discuss the partnership or even mention Apple's name during its earnings calls, simply referring to the consumer electronics giant as a major customer.

"While we understand there is intense market interest related to our largest customer, in accordance with our policy, we do not discuss specifics about our business relationship," Mr. Rhode said.

Apple wasn't immediately available to comment.

Nevertheless, analysts consider Cirrus to be a gauge on Apple device production and a way to gain exposure to Apple without actually buying the Cupertino, Calif., company's shares. On Tuesday, the analysts took Cirrus's bullish guidance as an indication of ramped-up business at Apple, as the company prepares to release a new iPhone.

Media reports Monday pegged mid-September for the launch of the new phone, and there is speculation Apple also will release a mini iPad at that time.

Cirrus's bullish guidance could lend weight to expectations for a smaller iPad, Raymond James analyst Tavis McCourt said. Some of Apple's other suppliers--such as Qualcomm Inc. (QCOM), TriQuint Semiconductor Inc. (TQNT) and Skyworks Solutions Inc. (SWKS)--didn't provide as strong guidance, which Mr. McCourt said in part could be because WiFi-only tablets largely don't use their components. A smaller iPad would include "meaningful Cirrus content," he said.

"In our opinion, the Cirrus guidance does not guarantee an iPhone 5 launch in September, but it certainly guarantees large builds for a commercial launch when it comes and likely guarantees a meaningful 7-inch iPad/iPod launch as well," Mr. McCourt noted.

TriQuint shares recently climbed 4.6% to $5.64, while Skyworks grew 7.9% to $30.04. Qualcomm edged up 1.5% to $60.02.

Meanwhile, Barclays Capital analyst C.J. Muse said the strong top-line guidance confirms his belief that iPhone 5 production is well under way. He said that should ease investor concerns on the near-term outlook for other semiconductor companies tied to Apple, such as MagnaChip Semiconductor Corp. (MX). MagnaChip's shares recently jumped 8% to $9.73.

And Topeka Capital Markets analyst Brian White noted it will be tough for Apple investors to ignore the big fiscal second-quarter outlook from Cirrus. He said the midpoint of guidance represents an 82% sequential rise and is well above the average of 23% sequential growth for September quarters over the past five years.

"In fact, this represents the biggest sequential sales uptick for Cirrus Logic that we have on record," for the past 10 years, Mr. White noted.

Write to Shara Tibken at [e-mail]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 31, 2012 11:39 ET (15:39 GMT)

[starbuxsux]

Cirrus Logic 1st-Quarter Net Down 25% on Higher Expenses; Sees Upbeat 3rd Quarter

4:26 PM ET 7/30/12 | Dow Jones By Ben Fox Rubin

Cirrus Logic Inc.'s (CRUS) fiscal first-quarter income dropped 25% as the chip maker saw higher expenses mask stronger revenue, bolstered by growth in its audio products segments.

But shares jumped 15% after hours to $34.40 after the company predicted strongly upbeat fiscal third-quarter revenue and narrowly beat earnings expectations for the latest period. As of Monday's close, the stock was already up 88% so far in 2012.

The company forecast second-quarter revenue between $170 million and $190 million, well above estimates of $130 million from analysts polled by Thomson Reuters.

The company develops chips for audio and energy customers, most notably supplying Apple Inc. (AAPL) for its hugely popular devices including the iPad and iPod. Despite now posting five straight quarters of declining earnings, Cirrus Logic's shares have risen steadily this year thanks in part to its connection to Apple. The company said in April that it expects to see sharply higher revenue growth starting in its second quarter, due to a handful of new products hitting full production later this year.

"We expect FY13 to be an outstanding year for Cirrus Logic and our long term shareholders," Chief Executive Jason Rhode said.

Cirrus Logic also said it agreed to sell assets associated with its Apex Precision Power business in Tucson, Ariz., for $26 million. After the sale, which is expected to close within 45 days, the company said it will continue to maintain a high voltage/high power IC design team in Tucson.

In the latest period, sales in the company's audio segment grew 14%, while the smaller energy unit posted 14% lower revenue.

For the quarter ended June 30, Cirrus posted a profit of $6.9 million, or 10 cents a share, down from $9.2 million, or 13 cents a share, a year earlier. Excluding amortization, stock-based compensation and other items, earnings fell to 22 cents from 24 cents a share. Analysts projected earnings of 21 cents a share.

Revenue rose 7.3% to $99 million, below its growth rate of above 20% in the previous two quarters but in line with its guidance. The company in April forecast downbeat revenue between $96 million and $106 million.

Gross margin widened to 54% from 51.7%, in-line with its April forecast of 53% to 55%.

Input costs rose 2.3% and operating expenses jumped 29%.

Write to Ben Fox Rubin at [e-mail]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

> Dow Jones Newswires

July 30, 2012 16:26 ET (20:26 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

[starbuxsux]

Cirrus Logic beats by $0.01, misses on revs; guides Q2 revs above consensus; announces sale of assets associated with its Apex Precision Power business

4:04 PM ET 7/30/12 | Briefing.com Reports Q1 (Jun) earnings of $0.22 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.21; revenues rose 7.4% year/year to $99 mln vs the $101.63 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $170-190 mln vs. $130.64 mln Capital IQ Consensus Estimate. Q2 gross margin is expected to be between 52 percent and 54 percent, inline with consensus of 53.9%. In addition, the company is announcing the sale of assets associated with its Apex Precision Power business in Tucson, Ariz., for $26 million. After the sale, Cirrus Logic will continue to maintain a high voltage/high power IC design team in Tucson. This transaction is expected to close within 45 days, subject to certain standard closing conditions. Mo

[starbuxsux]

Cirrus Logic Guides September Quarter Revenue Up More than 70 Percent Sequentially

4:00 PM ET 7/30/12 | BusinessWire

Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the first quarter, which ended June 30, 2012, as well as the company's current business outlook.

"I would like to take this opportunity to publicly thank all of the Cirrus Logic employees who have worked incredibly hard over the past several years to position the company for this sharp transition to a higher level of revenue," said Jason Rhode, president and chief executive officer. "This team's ability to formulate and execute a strategy is truly remarkable and gives us great confidence as we continue to increase our R&D investment in order to support our customers and pursue further growth opportunities. We expect FY13 to be an outstanding year for Cirrus Logic and our long term shareholders."

Reported Financial Results - First Quarter FY2013

-- Revenue of $99 million;

-- Gross margin of 54 percent;

-- GAAP operating expenses of $43 million;

-- Non-GAAP operating expenses of $38.6 million.

A reconciliation of the non-GAAP charges is included in the tables accompanying this press release.

Business Outlook - Second Quarter FY2013

-- Revenue is expected to range between $170 million and $190 million;

-- Gross margin is expected to be between 52 percent and 54 percent;

-- Combined R&D and SG&A expenses are expected to range between $49 million and $53 million, which includes approximately $6 million in share-based compensation and amortization of acquisition-related intangibles expenses.

In addition, the company is announcing the sale of assets associated with its Apex Precision Power business in Tucson, Ariz., for $26 million. After the sale, Cirrus Logic will continue to maintain a high voltage/high power IC design team in Tucson. This transaction is expected to close within 45 days, subject to certain standard closing conditions. More information is included in our quarterly Shareholder Letter.

Cirrus Logic will host a live Q&A session at 5 p.m. EDT on Monday, July 30, 2012, to answer questions related to its financial results and business outlook. Shareholders who would like to submit a question to be addressed during the call are requested to email [e-mail]. A live webcast of the Q&A session can be accessed on the Cirrus Logic website, and a replay will be available approximately two hours after the completion of the call, or by dialing [phone], or toll-free at [phone] (Access Code: 98762608).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Tucson, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Use of non-GAAP Financial Information

To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including operating expenses, net income, operating margin and diluted earnings per share. A reconciliation of the adjustments to GAAP results is included in the tables below. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including our estimates of second quarter fiscal year 2013 revenue, gross margin, combined research and development and selling, general and administrative expense levels, share-based compensation expense, amortization of acquired intangible expenses, and inventory increases. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," "intend," and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the following: the level of orders and shipments during the second and third quarter and complete fiscal year 2013, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; our ability to introduce and ramp production of new products in a timely manner; and the risk factors listed in our Form 10-K for the year ended March 31, 2012, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc.

CRUS-F

[Penny Roger$]

Well, the chart is looking ready for some flipping I think. Complete with stop lines.

[starbuxsux]

Cirrus Logic to Announce Q1 Results on July 30

3:59 PM ET 7/9/12 | BusinessWire

Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will post its first quarter fiscal 2013 financial results and business outlook on the investor relations area of its website at http://investor.cirrus.com on Monday, July 30 at approximately 4 p.m. EDT.

Cirrus Logic will host a live Q&A webcast session on the investor relations website at 5 p.m. EDT that same day to answer questions related to its financial results and business outlook. Shareholders who would like to submit a question to be addressed during the call are requested to email [e-mail].

A replay of the Q&A session will be available on the website listed above beginning approximately two hours following the completion of the call, or by dialing [phone], or toll-free at [phone] (Access Code: 98762608).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Tucson, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc.

CRUS-F

SOURCE: Cirrus Logic, Inc.

Cirrus Logic, Inc. Thurman K. Case, 512-851-4125 Chief Financial Officer [e-mail]

[Penny Roger$]

~ Monday! $CRUS ~ Q2 Earnings alerted as posted, pending or coming soon! In Charts and Links Below!

~ $CRUS ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=CRUS&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=CRUS&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=CRUS
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CRUS#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CRUS+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CRUS
Finviz: http://finviz.com/quote.ashx?t=CRUS
~ Marketwatch: http://www.marketwatch.com/investing/stock/CRUS/insideractions


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CRUS >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[db]

::SELL:: CRUS

[starbuxsux]

CRUS!!! Super Strong!!! Awesome!!! weeeeeeeeeeeeeeeeeeeeeeee!

[Penny Roger$]

<<< $CRUS Links! >>> ~ MAC's Quick DD Links without the charts.




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NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/CRUS/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=CRUS&selected=CRUS
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=CRUS&selected=CRUS
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/CRUS/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/CRUS/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/CRUS/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/CRUS/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/CRUS/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/CRUS/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/CRUS/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/CRUS/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/CRUS/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/CRUS/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/CRUS/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/CRUS/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/CRUS/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/CRUS/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=CRUS&selected=CRUS
NASDAQ Financials ~ http://www.nasdaq.com/symbol/CRUS/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/CRUS/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/CRUS/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/CRUS/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/CRUS/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/CRUS/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/CRUS/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/CRUS/insider-trades/sells


The Motley Fool ~ http://caps.fool.com/Ticker/CRUS.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/CRUS/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/CRUS/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/CRUS/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/CRUS/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/CRUS/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/CRUS/Statements.aspx?source=icasittab0000009


MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=CRUS


YCharts ~ http://ycharts.com/companies/CRUS
YCharts Performance ~ http://ycharts.com/companies/CRUS/performance
YCharts Dashboard ~ http://ycharts.com/companies/CRUS/dashboard


InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=CRUS&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=CRUS&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=CRUS&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=CRUS


Zacks Quote ~ http://www.zacks.com/stock/quote/CRUS
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=CRUS
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=CRUS


Knobias ~ http://knobias.10kwizard.com/files.php?sym=CRUS


StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=CRUS


Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/CRUS/HOT_TOPIC.html


Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=CRUS&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=CRUS®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=CRUS®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=CRUS®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=CRUS®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=CRUS®ion=USA&culture=en-us


CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=CRUS


TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=CRUS


OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=CRUS&searcharea=e&image1.x=0&image1.y=0


Insidercow ~ http://www.insidercow.com/history/company.jsp?company=CRUS&B1=Search%21


Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=CRUS
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=CRUS&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null


YouTube Symbol Search ~ http://www.youtube.com/results?search_query=CRUS


Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=CRUS


Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=CRUS


Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=CRUS

Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CRUS
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=CRUS

Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=CRUS

Investorpoint ~ http://www.investorpoint.com/ enter "CRUS" and click search.

Hotstocked ~ http://www.hotstocked.com/ enter "CRUS" and click search.

Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=CRUS

Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=CRUS

DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=CRUS

SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=CRUS

OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=CRUS

Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "CRUS" and click search.

http://www.coordinatedlegal.com/SecretaryOfState.html

http://regsho.finra.org/regsho-Index.html

http://www.shortsqueeze.com/?symbol=CRUS&submit=Short+Quote%99



DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=CRUS
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=CRUS
Check those searches for recent CRUS mentions. If CRUS is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS



MACDlinks

[Penny Roger$]

~ Wednesday! $CRUS ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $CRUS ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=CRUS&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=CRUS&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=CRUS
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CRUS#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CRUS+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CRUS
Finviz: http://finviz.com/quote.ashx?t=CRUS
~ BusyStock: http://busystock.com/i.php?s=CRUS&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CRUS >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[starbuxsux]

Wow...hindsight being 20/20 is what they say, right???

[starbuxsux]

CIRRUS LOGIC ENTERS LED LIGHTING MARKET WITH DIGITAL CONTROLLER DELIVERING NEAR 100 PERCENT TRIAC DIMMER COMPATIBILITY

In Volume Production Today with Tier-1 Lighting Company, CS161X Family of LED Driver ICs Uses New TruDim Technology to Help Speed Worldwide Adoption of LEDs

Cirrus Logic Inc. (Nasdaq: CRUS) is entering the emerging high-growth LED lighting market with a digital LED controller that directly solves dimmer compatibility issues that have been a major barrier to consumer adoption of LED retrofit bulbs. Featuring Cirrus Logic’s new digital TruDim™ technology, the CS161X controller family has been tested to provide near 100 percent compatibility with a wide array of dimmers representing the vast majority of the installed base worldwide. The CS161X is already in high volume production with a tier-1 lighting company. Cirrus Logic expects to ship between 5-10 million LED controllers during calendar year 2012.

LED retrofit bulbs are considered by many as the heir apparent to incandescent and compact fluorescent lamps, due to their superior energy efficiency and long life. Key barriers to mass adoption have been higher cost and, like compact fluorescents, poor dimmer compatibility. None of the LED bulbs available today, which are primarily based on analog controllers, provide consumers broad compatibility with the wide variety of dimmers installed within residences, retailers and businesses. Dimmer incompatibly problems, which include bulbs that produce flickering or flashing light or the inability to turn on or off, are a leading cause for high rate of return by consumers.

“Several years ago Cirrus Logic identified the growing LED market as an area where we could leverage our signal processing expertise and solve meaningful engineering challenges,” said Jason Rhode, Cirrus Logic president and CEO. “To the consumer, buying an LED lamp today can be a frustrating experience because so many of them just don’t work once you take them home. As it turns out, solving the challenges of dimmer compatibility was enormously complex, and we're pleased that one of the largest LED lamp manufacturers has showcased our first LED controller precisely because it provides near-perfect compatibility with every installed dimmer from around the world that we could find and test.”

Market analyst firm Datapoint Research estimates that the LED lamp market in ambient lighting applications will grow from around 200 million units in 2011 to around one billion units by 2015. “Making LED light bulbs nearly universally compatible with all of the dimmer systems that currently exist around the world is one of the biggest challenges facing LED bulb manufacturers," said Jon Gamble, senior analyst, Datapoint Research. “Solving dimmer compatibility whilst maintaining a competitive bill of materials is key to accelerating the LED market toward widespread consumer adoption during the next few years.”

Digital TruDim Technology

The CS161X family enables industry-leading dimmer compatibility as a result of a three-year investment in TRIAC interface algorithms, LED driver topologies and system architecture, which are the foundation of TruDim technology. The CS161X’s digital intelligence allows the controller to identify the type of dimmer in use and adapt its dimmer compatibility algorithm to provide smooth dimming in much the same way the consumer has come to expect from decades of using incandescent light bulbs. This smart adaptive digital signal processing technology is not possible with today’s analog controllers.

Near 100-Percent Tested Dimmer Compatibility

Cirrus Logic acquired more than 200 dimmers from all over the world and developed a compatibility test to measure the performance of existing solutions against the CS161X products. This dimmer compatibility test, which involves the testing of 120V and 230V products, in single and multilamp configurations of five and 10 lamps in parallel, measures five key parameters for determining dimmer compatibility: (1) functionality (2) flicker-free steady state (3) smooth dimming and (4) dimming range (max-minimum). Cirrus Logic’s CS161X performed near flawlessly across the test’s metrics, achieving 98 percent compatibility. The closest competitive LED controller performed at 71 percent, and the average among today’s current LED controllers was 50 percent.

CS161X Family Product Information

The CS161X is the first family of products in Cirrus Logic’s new line of LED controller solutions designed to help leading LED lamp manufacturers solve complex engineering challenges and drive high-volume LED sales growth. The CS161X family’s unique adaptive dimmer compatibility algorithm controls the boost stage to enable best-in-class flicker-free phase dimming across the light spectrum, including “deep dimming” down to zero percent of light output with leading edge, trailing edge and digital dimmers.

The CS161X integrates a variable conduction mode boost converter (CRM/CCM), providing power factor correction and dimmer compatibility with primary-side control, constant output current and quasi-resonant flyback or buck output stage and includes solutions for both 100-120 VAC and 220-240 VAC line voltages.

While Cirrus Logic’s first LED driver family solves the dimmer compatibility challenge, subsequent products in the company’s roadmap are planned to address industry demands for improved LED light color and system cost reduction, showcasing the company’s continued long-term investment in LED products.

Pricing and Availability

The CS161X is currently in volume production. It is available in a 16-pin SOIC package and is priced at $0.81 (USD) in quantities of 100,000.

Video and Press Kit Available

A video demonstration is available of Cirrus Logic’s TruDim technology compared to the dimming performance of today’s LED bulbs -- watch the video on YouTube. For members of the news media, a press kit is available in the media section of the Cirrus Logic website.

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Tucson, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Cirrus Logic, Cirrus, and TruDim are trademarks of Cirrus Logic Inc. All other product names noted herein may be trademarks of their respective holders.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including our estimates of the expected number of shipments of LED controllers in 2012 and estimates of future growth of the LED lamp market. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," "intend," and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, failure of our new products to gain market acceptance; failure of the LED lamp market to grow as anticipated; and the risk factors listed in our Form 10-K for the year ended March 26, 2011, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing forward-looking statements represent our outlook as of the date of this news release, and we undertake no obligation to update or revise these statements, whether as a result of new developments or otherwise.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50218260&lang=en

SOURCE: Cirrus Logic, Inc.

Cirrus Logic, Inc.
Bill Schnell, 512-851-4084
Public Relations
[e-mail]

[N E O M]

The Motley Fool just highly recommended CRUS in a special report TODAY. Stocks set to profit from AAPL

[sharpshorts]

Pennant getting near its apex...

Daily and weekly

[tradersplaybook]

Playbook game plan for CRUS on 01/10/2012

Here's our thoughts:

[$King]

CRUS @ 14.07

[paheka]

No..they didn't lose it and actually reitterated their strong relationship with Apple yesterday so no short was taken...Instead buying long as CRUS is now way undervalued!

[paheka]

Question is:will CRUS lose Apple bz?not short,but thinking?

[bacc]

Standard & Poor's Announces Changes to U.S. Index

Cirrus Logic (NASDAQ:CRUS)
Intraday Stock Chart
Today : Tuesday 3 May 2011
S&P will make the following changes to S&P SmallCap 600 Index:

Select Comfort Corp. (NASD:SCSS) will replace Tollgrade Communications Inc. (NASD:TLGD) after the close of trading on Thursday, May 5. Private equity firm Golden Gate Capital is acquiring Tollgrade Communications in a deal expected to be completed on or about that date pending final approvals.
Cirrus Logic Inc. (NASD:CRUS) will replace Epicor Software Corp. (NASD:EPIC) after the close of trading on Friday, May 6. Private equity firm Apax Partners is acquiring Epicor Software in a deal expected to be completed soon, pending final conditions.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Select Comfort develops, manufactures, markets, and distributes adjustable-firmness beds and other sleep-related accessory products. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Homefurnishing Retail Sub-Industry index.

Cirrus Logic develops high-precision analog and mixed-signal integrated circuits. Headquartered in Austin, TX, the company will be added to the S&P SmallCap 600 GICS Semiconductors Sub-Industry index.

Following is a summary of the changes:


S&P SMALLCAP 600 INDEX – May 5, 2011

COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY

ADDED
Select Comfort
Consumer Discretionary
Homefurnishing Retail

DELETED
Tollgrade Communications
Information Technology
Communications Equipment




S&P SMALLCAP 600 INDEX – May 6, 2011

COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY

ADDED
Cirrus Logic
Information Technology
Semiconductors

DELETED
Epicor Software
Information Technology
Application Software




For more information about S&P Indices, please visit www.standardandpoors.com/indices.

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

For more information contact:David M. Blitzer, Ph.D.Managing Director & Chairman of the Index Committee(212) 438-3907

[bacc]

NI Technology Previews Earnings for Cirrus Logic, Microsoft, TriQuint Semiconductor, Xilinx, and Applied Micro Circuits

Cirrus Logic (NASDAQ:CRUS)
Intraday Stock Chart
Today : Wednesday 27 April 2011
Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, has updated outlooks for Cirrus Logic (Nasdaq: CRUS), Microsoft (Nasdaq: MSFT), TriQuint Semiconductor (Nasdaq: TQNT), Xilinx (Nasdaq: XLNX), and Applied Micro Circuits (Nasdaq: AMCC).

Next Inning editor Paul McWilliams has leveraged a decades-long career as a semiconductor industry insider to deliver in-depth insights and winning stock selections for his newsletter subscribers. McWilliams' Next Inning model portfolio has posted huge gains, returning more than 360% since its inception in 2002, and he has been picking more potential big winners for 2011.

Despite predictions from dozens of Wall Street analysts and tech sector research firms, McWilliams was the only one to forecast Intel's earnings report correctly, with estimates that matched the chip giant's Q1 results and Q2 guidance perfectly. Along with McWilliams' Intel forecast and his bullish calls ahead of strong earnings by Apple and Qualcomm, Next Inning subscribers have access to dozens more as McWilliams publishes in depth earnings previews and coverage throughout earnings season. There are still a number of potential tech earnings winners to be covered this quarter.

Trial subscribers will also receive McWilliams' highly acclaimed State of Tech series, offering in-depth, sector-by-sector coverage of over 65 leading tech companies. The full set of State of Tech reports will be published ahead of earnings season, offering specific guidance on which stocks he thinks investors should own and which should be avoided.

To take advantage of this offer and receive these reports for free, please visit the following link:

https://www.nextinning.com/subscribe/index.php?refer=prn1208

McWilliams covers these topics and more in his recent reports:

-- What are the primary challenges that lay ahead for Cirrus Logic? Should investors be concerned about Cirrus Logic's high concentration of business with Apple? How much upside can investors expect if things go right for Cirrus this year? Does the upside outweigh the potential downside? Does McWilliams think the production problems Cirrus announced recently will endanger the company's position at Apple?

-- Does McWilliams have bullish view of Microsoft based on Windows 7, Kinect, its newest mobile operating system and its expanded ecosystem strategy? Might an investment in Nokia be a better way to profit from Microsoft's mobile strategy than investing in Microsoft itself?

-- Should investors be concerned that TriQuint recently "backed away" from its relationship with Apple? Why is being an Apple supplier a "dual-edged sword?" Could the 2011 consensus estimate prove to "pitifully low," creating a significant profit opportunity for investors?

-- Is Xilinx likely to perform better than rival Altera, or will it continue to trail as it did throughout 2010? Given the surge in demand for programmable logic, does McWilliams think this is the year to split bets between the two sector leaders? What is McWilliams' estimated fair value range for Xilinx and how much upside does it represent?

-- Does McWilliams expect Applied Micro's upcoming earnings report to beat expectations? Are analysts being too pessimistic about Applied Micro with their full-year outlooks, setting the stage for significant potential profits for investors?

Founded in September 2002, Next Inning's model portfolio has returned 361% since its inception versus 49% for the S&P 500.

[bacc]

wham bam boom

[bacc]

Cirrus Logic Reports Preliminary Fiscal Fourth Quarter Results

Cirrus Logic (NASDAQ:CRUS)
Intraday Stock Chart
Today : Thursday 14 April 2011
Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today announced preliminary unaudited financial results for the fourth quarter and for fiscal year 2011, which ended March 26, 2011.

Revenue for the quarter is expected to be approximately $91.4 million, in line with guidance, representing a 46 percent increase over the $62.6 million in revenue for the fourth quarter of fiscal year 2010, and a 4 percent decrease from $95.6 million in the third fiscal quarter. Revenue for fiscal year 2011 is expected to be approximately $369.6 million, a 67 percent increase over $221 million fiscal year 2010 revenue.

Gross margin for the quarter is expected to be approximately 50 percent, below previously issued guidance of 54 to 56 percent. The company’s lower-than-expected gross margin for the quarter is the result of a charge of approximately $4.2 million, or $0.06 per share, based on 72.3 million diluted shares outstanding, due to a production issue with a new audio device that entered high volume production in March 2011. The company expects a smaller residual impact to gross margins in the first two quarters of FY2012 as the company works through in line inventory related to this product.

“FY2011 was an outstanding year for Cirrus Logic as revenue growth and operating profit improvements exceeded our own high expectations,” said Jason Rhode, Cirrus Logic president and CEO. “I’m pleased with the team’s success in meeting our customers’ demand despite the challenges resulting from a low-yielding product during a major production ramp in March. Design win activity remains excellent and I remain very excited about the future for Cirrus Logic.”

Total combined R&D and SG&A operating expenses are expected to be approximately $32.3 million, in line with company guidance, and include an estimated $2.6 million in share-based compensation and amortization of acquired intangible expenses.

The company also expects total cash and marketable securities to increase approximately $25 million to $215 million at the end of the March quarter.

[CharbiesLarby]

This may be one of the best flippers of the last year and a half!! Goodness I love this stock!

[was pennytrader]

That one hurt a little. Gonna see where it goes, and average down 1 last time if it continues to fall.

[was pennytrader]

$14.62 in early hours. Bargain shopping is on. Maybe I can grab a bunch more at $13....what a joke, gotta love the knee jerk reactions.

[was pennytrader]

I think long term, this is a definite winner. I really don't see how it go much lower. I really expect to be a $40 stock in 12-18 months. I know that sounds ridiculously optimistic, but look what Apple has done. They win, Cirrus wins IMO.

[bharveyalamos]

PENNYTRADER:

I personally think we just gotta "hang loose with CRUS !

I can not see it doing anything but going UP in the near future.

I guess some of my thinking is because of hte Apple iPod contract. I just bought a Blackberry 'Torch' through AT & T and I was talking with the AT&T people and they told me that were selling Apple iPods just about as fast as they could order them.

Since CRUS makes the 'chip' for the iPod, how could we lose ?

Your thought would be appreciated !

Regards,
BUD

[was pennytrader]

And I thought $16.49 was a bargain...geesh, I guess I'll be adding if it gets down to $15 or less.

[bharveyalamos]

CRUS - Near Future

I do not normally post on these boards, but I will tell you that CRUS is going to be ok and it should break it's yearly high before the end of the year. If you subscribe to Investors Business Daily, CRUS's ratings are through the ceiling.

Yes, I own shares of CRUS and with their contract with Apple, they can hardly go anyway but up. I am a Swing Trader so the ups and downs do not really bother me if the stock's ratings are good. Something else to consider is the % of Institutional Investors with CRUS in their portfolio.