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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: zbyslaw owczarczyk who wrote (4000)8/3/1998 4:57:00 PM
From: Hashem Akbari  Read Replies (1) of 6565
 
About 4 months ago, there was a press release by VLSI (or something like a press release) that had not mentioned Rich Beyer as the president and COO. I called the company and they told me it has been a mistake and then they had another PR to clarify the mistake. Now I am thinking, perhaps they were testing the water?! Rich Beyer is credited for the VLSI's transition from PC to current mix. This does not look like a good news! However, looking as the VLSI's balance sheet, as long as they are in black the book value (which is rich in cash) gets higher. And that will support the stock in short term. Long term, strong management is a precondition for health of the company. I need more info for further analysis.

Hashem
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