VLSI Technology - Waiting for good news from NASDAQ !!! Message Board

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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: OldAIMGuy who wrote (2830)	1/19/1998 9:21:00 PM
From: WiseGuy	of 6565

dljdirect.com Excerpt from article: [But there are some weak spots. One key chip market potentially threatened by economic weakness in Asia is cellular telephones. "I won't say we are concerned, but we are watching it very closely," said Richard M. Beyer, president and CEO of VLSI Technology Inc. in San Jose. "It doesn't appear to me that it will slow down. The bulk of Asian sales [of mobile phones] is in Japan and the People's Republic of China. Currently, it doesn't appear that China is being impacted [by the economic turmoil in Asia]. In Japan, I'm encouraged by plans to cut taxes to stimulate consumer spending." ] Clearly, the market is factoring short-term risks onto VLSI price. The biggest question now is what is the possibility that VLSI will miss its current quarter? VLSI management is not being given the benefit of the doubt. ptv

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