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: Robert Scott who wrote (3085)	3/2/1998 12:50:00 PM
From: Kevin Hay	Read Replies (3) of 6565

VLSI's been in the 19's twice this year..., before this news came out. It can only be 'this market' that's keeping it up right now. I'd say yesterday's news counts as a change in fundamentals, at least for a 1-2 year outlook. My pricing model has changed from expecting low 30's to ~17.5 after adding in recent news. (see previous post) When VLSI was at 38 that was still reasonable given the projected growth. But look at the projected growth now. I'm surprised to not see mar-qtr eps cuts yet. Like many, I look for companies that've been unfairly beat up, but I think being below last year's quarter is no small thing, especially when things have degraded so quickly. The company said sales will get back to 'more normal levels' in the second half of the year, which is basically saying that next quarter is hosed too. What's the near-term case for VLSI going higher ? Because Kirk says so? thanks -Kevin PS. We'll definitely get more downside resistance as we approach VLSI's book value (~11 - 12/97).

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