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: Trey McAtee who wrote (4332)	9/3/1998 8:02:00 PM
From: E.J. Neitz Jr	of 6565

S&P Marketscope Analyst Comments I like S&P because they only provide research, have no vested interest and are willing to issue sell ratings. S&P analyst Brendan McGovern is keeping his hold opinion on VLSI Technology (VLSI) as the company preannounced a third quarter sales shortfall. The company expects sales to be down 5%-10% sequentially, reflecting weak order trends.McGovern lowered his $0.52 1998 earnings per share estimate to $0.24, and his 1999 forecast from $1.20 to $0.80. The shares have fallen sharply in recent months, he notes, and are now trading at 74% of book value. McGovern calls the valuation compelling, but he would like to see stabilization in VLSI's results before recommending the shares.

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