CRUS - Cirrus Logic Inc

Press ReleaseSource: Cirrus Logic, Inc.

Cirrus Logic Revises Revenue Outlook for the Third Quarter of Fiscal 2009
Wednesday December 3, 4:05 pm ET

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic Inc. (Nasdaq:CRUS - News), a leader in high-precision analog and digital-signal processing components, today announced that the company now expects revenue for the third quarter of fiscal 2009 to range from $42 million to $45 million, or down 8 percent to 14 percent from the previous year.

“Our revenue outlook for the current quarter declined substantially during November as manufacturers and distributors sharply curtailed orders, as they appear to be taking a conservative approach in light of current economic conditions,” said Jason Rhode, president and chief executive officer. “However, our design-in activity remains strong and our new product introductions continue to be well received by our customers. We remain confident that our strategy is solid, and with our strong financial position we will continue to manage the company for long-term success in these difficult times.”

In-line with previous expectations, gross margin is expected to be between 54 percent and 56 percent and combined R&D and SG&A expenses are expected to range between $22 million and $24 million, which include approximately $2 million in share-based compensation and amortization of acquisition-related intangibles expenses.

NIce pic Jaz

Thanks...I try.

had this one already on the radar for next week... maybe some flag action/consolidation from here...we will see

holding up well with nice volume...still looking ...

Has anyone heard of Dionics, Inc. ?

Is anyone here familiar with the company Dionics, INC (DION.OB)? They are also a semiconductor company.

another nice day after yesterdays breather...big bullish engulfing today...still in a sideways channel from when this first came up on my radar about 6 weeks ago...she cant wait much longer...

real nice day on strong volume...closed above recent resist lvls...
posted a "heads up" a couple weeks ago...and is still on my watchlist again this week

on a roll

another good day actually breaking out of resist lvls...on reaal good volume again

Ekkkkk got upgraded today.

Up over 15% on this news:

8:04AM Cirrus Logic beats by $0.01, beats on revs; guides Q1 revs above consensus (CRUS) 10.39 : Reports Q4 (Mar) earnings of $0.16 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.15; revenues rose 86.9% year/year to $62.6 mln vs the $60.5 mln consensus. Co issues upside guidance for Q1, sees Q1 revs of $78-84 mln vs. $60.97 mln Thomson Reuters consensus. For Q1, gross margin is expected to be between 54 percent and 56 percent; and combined R&D and SG&A expenses are expected to range between $27 million and $29 million, which include approximately $1.7 million in share-based compensation and amortization of acquisition-related intangibles expenses. "Our lineup of new products allows us to expand our business with our current customers, and also opens up opportunities with new customers. As our Q1 guidance implies, we expect that Fiscal 2011 will be an even stronger year for Cirrus."

Take a look at this: http://www.stockta.com/cgi-bin/analy...nd=&mode=stock

Bullish on every level!

I hate it when Cramer pumps a stock and it goes up over a dollar in afterhours.

Makes it unreachable.

Wow, talk about buying pressure on this thing.

I closed my eyes and bought some at 13.20.....

In green now though.

I DIDNT BUY THIS STOCK BUT JUST LIKE WATCHING STOCKS THAT CRAMER PUSHES ON HIS SHOW AND WATCH HOW THEY RISE AND THEN SOMETIMES FALLS. DID SOME OF MY OWN REASERCH ON THIS COMPANY AND IT IS DOING GOOD. MAYBE I WILL GET IN. WILL BE WATCHING TOMORROW

WHY THE YELLING?! Haha.

By the way, wish I bought even more this morning.

down 1.98 in afterhour? maybe a good buy in the morning.