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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: DanZ who wrote (3218)3/20/1998 8:01:00 PM
From: Kevin Hay  Read Replies (1) of 6565
 
I'm back, long @ 17 3/8. Besides the apparently strong support
where we're at, my main reason is that I think VLSI is due to surprise
on the upside. If not in eps, then on outlook.

Anecdotely there's CLST, a cellular distributor, that just reported
earnings 0.02 above consensus. a) this gives evidence that the
'inventory adjustment' line we've heard is true, as I know CLST's
inventory had been getting huge, and that cellular demand
remains strong.

However, I'm braced to average down. 16 won't surprise me too
much, and I think the market will have to really tank to see 15.

TGIF...,
-Kevin
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