SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Maui Jim who wrote (2863)1/29/1998 9:57:00 AM
From: Joseph E. Caiazzo  Read Replies (2) of 6565
 
The stock fell because investors are a forward-looking lot. A year ago all the potential good news was in front of us...now, all the good news is behind us. Today, all we have is a mediocre cautionary report from management...no solid good news to look forward to. Things won't turn intil we get that cautionary warning re SE Asia out of the way.....Speaking of which..
Today's NY Times reports that a consortium of int'l creditirs have approved a plan for South Korea to reschedule payment on 24 Billion in loans. The plan extends repayment terms for up to 3 years, this gives the country breathing room. And this plan is in addition to the IMF rescue package. (The private paln also addresses the concerns of some pols that the private sector wasn't doing enough)
We do have some bad news though...The European consortium failed to approve the Ericsson-Nokia proposed W-CDMA standard. The vote was 62% in favor, but they needed 72% to win. Don't know when the next round of voting will be and whether they can change the vote of some other member.
So, we have some good news and some bad news today, only the market will tell us which affects the stock price more.
JEC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News