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: John Ritter who wrote (3277)	4/8/1998 1:17:00 PM
From: Kevin Hay	Read Replies (1) of 6565

Given that VLSI has been painting a worse and then worse again picture, plus MOT's surprise warning about future quarters, plus the following has me leaning towards thinking that VLSI will miss this quarter: vlsi-3/3/98 Tom Kurlack news biz.yahoo.com VLSI Technology's (VLSI - news) first quarter earnings were expected to fall 28 percent compared with the fourth quarter. VLSI's earnings per share will fall to about $0.10 in the first quarter from a previous estimate of $0.30. Estimated earnings for the year as a whole have been slashed by half to $0.72 per share, Kurlak said. =-=-====-=-=-=-= current consensus is 0.14. quote.yahoo.com Agreed, if earnings are to be 0.18-.22 the stock would move higher.., but those numbers are above the company's guidance. On the other hand, VLSI can surprise on the upside. But when I've seen that there's been a reason: ie: STB w/DirecTV, plant closures..., to say that VLSI will surprise on the upside is to say that the trend has changed from downward earnings pressure to upward pressure. I'm on the fence, leaning towards expecting a miss (60% sure). IF I hold a position thru earnings release I'd rather be short. What reason is there to expect an upside surprise? -Kevin PS. currently have no position.., just covered my last short.

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