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: E.J. Neitz Jr who wrote (4282)	9/2/1998 7:22:00 PM
From: E.J. Neitz Jr	Read Replies (1) of 6565

XOMA Filings--Cash Needs 1998 To clarify the point regarding the use of cash and securities--looks like the wafer upgrade is slated for end of 1998 8/98 Q report Semiconductor manufacturing also requires a constant upgrading of process technology to remain competitive. The Company is planning to commence the conversion of its San Antonio facility from six-inch to eight-inch wafer capability in late 1998. Any significant expansion or upgrade of semiconductor manufacturing capacity has attendant risks. Inefficiencies caused by the work associated with the modifications of the manufacturing facilities could adversely affect the Company's results of operations. VLSI currently estimates that total capital expenditures for 1998 will be approximately $150 million. These expenditures are anticipated to be used for converting from six-inch to eight-inch wafer technology at the San Antonio fabrication facility, sub-micron wafer fabrication capability, EDA tools deployment and other equipment upgrades. The Company expects to utilize primarily existing cash balances and cash from operations for its 1998 capital expenditures.

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