Follow up on Cirrus Logic Conversation with Managment
We had an opportunity to speak to management today. I’m not going to recap our entire conversation due to confidentiality reasons but these are my impressions. The rest of the year is pretty much coming in as expected. No big upside surprises nor downside disappointments. The real question is about whether Cirrus chips are in the upcoming Apple iPhone 5. My bet is that’s a secret held close to the belt and NO imminent announcement is coming out. Cirrus is hiring a lot of engineers mostly to meet anticipated product demand, not for quality and control issues. The Company has been buying stock … Read more