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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Clarksterh who wrote (3868)7/16/1998 11:41:00 AM
From: Doug  Read Replies (3) of 6565
 
Clark: Here is a clip from VLSI'sstatement about the future:

''Recent forecasts for the semiconductor industry range from no growth to a decline of 10%, as
opposed to the robust growth initially predicted for 1998. Looking forward, we see some strengthening
in the wireless market, while other major markets continue mixed. We remain cautious and, hence, feel
it is prudent to scale back our cost structure. We will invest in key product development and other
strategic areas to maintain our leadership role as a designer and manufacturer of custom integrated
circuits.''

Based on this, I did not see anything that was that +ve or quantifiable. Infact todays sell off, indicates the market echoes my sentiment.
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