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 Griffin Gregory who wrote (4157)	8/25/1998 5:07:00 PM
From: BWAC	Read Replies (1) of 6565

What is there to say or discuss. Nobody seems to want anything to do with this and other stocks which have fallen over 60% off their highs. It doesn't go up daily so the momentum players won't venture far from the new nifty fifty. Maybe we should lose some money like MU and get rated a strong buy? Well let's see after today we have a 11 7/16 stock price. Lowest price since January 1994. Backed up by $12 of book value which includes almost 7 bucks in cash. Gee I wonder how close to 7 we can fall. Earnings are still expected to be above 0. Price to Sales is at .95 of last years sales. Normal for a tech stock is 2 to 3 times. VLSI has said it will buy back 2 million shares. We have heard rumblings of buyouts with a price over 20 and fighting within management over the issue. We think our CsomethingO got fired over this issue. Yet sellers continue to appear and drive the price down. Great I should have taken psych. courses to understand sentiment better instead of getting an accounting degree.

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