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$6.18 -0.10 (-1.59%)
5/16/2008 4:00 PM

Cirrus Logic, Inc. (CRUS)

CAPS Rating:
***

The Company develops precision analog and mixed-signal integrated circuits for a range of consumer and industrial markets.

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Avatar eXigy (99.71) Submitted: 7/12/07 9:41 AM : Outperform Start Price: $8.79 CRUS Score: -23.06

Cirrus Logic to acquire Apex Microtechnology (CRUS): Co announces that it has signed a definitive agreement to acquire Apex Microtechnology for $42 mln in cash. CRUS expects that the acquisition will become positive to earnings per share in the third fiscal qtr of 2008.





It was a nice pick before (stats + industry), it gets even more attractive after this acquisition.

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