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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: Kevin Hay who wrote (3006)2/26/1998 8:34:00 PM
From: Xpiderman  Read Replies (1) of 6565
 
Kevin Hay, You are no nuts, :-)

VLSI said it expects revenues and earnings for the quarter, ending March 27, will be lower than the fourth quarter($0.45), and the year-ago first quarter ($0.19). while analysts had expected the company to report earnings of $0.32 a share for the first quarter, according to First Call.

Even $0.19 is significantly below analysts' current expectations. In today's markert, shorts made more money than Longs.

Tech Investor, would you short VLSI now? Still think VLSI will test $19 and hold?

Thanks

Xy
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