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Technology Stocks : Vari-L (VARL)

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To: Robert Sheldon who wrote (1137)	8/4/1999 12:57:00 AM
From: JBruin	Read Replies (2) of 2702

Robert, I've got one more question for you. After completing more DD I see that VARL has about $1/shr in cash & a book value of ~ $6/shr. My question is have you ever seen this stock ever trade below its book value? Would it be dangerous to assume that $5-7 is our worse case scenario, i.e. Aug-Oct are the worst months for the market who knows what could happen.

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