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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 652.56-1.5%Nov 20 4:00 PM EST
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To: j g cordes who wrote (17331)7/28/1998 2:05:00 PM
From: Johnny Canuck  Read Replies (1) of 68161
 
Sorry Jim,

I don't know much about VLSI. I see the reason for your
interest though.

>>VLSI Technology Inc. (VLSI) 16 7/16 +7/16: Gruntal & Co. reiterates
>> "strong buy" on designer and manufacturer of custom and semi-custom
>>integrated circuits despite current weakness in stock; feels price
>>weakness present a buying opportunity; has a 12-month price target of
>>$30 a share; expects VLSI upturn despite poor Ericsson results as
>>company is experiencing a strong rebound in orders from Ericsson;
>>believes that VLSI has won the design for new Ericsson phones and thus
>>Q3 earnings could double from Q2 levels and double again in Q4.....

I usually stay away from companies towards the bottom of the
food chain. I only track few from a distance to gauge the health
of companies further up the ladder. Most of the business is a
commodity like business and margins are constantly
under pressure. Unless a company
has a proprietary technology like PMCS, it is hard
to maintain margins and profitability, let alone retain
customers.

Given the positive spin being put on this it should be good
for a bounce though. I'll see if I can find anything further on this.

Harry
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