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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Hashem Akbari who wrote (4472)9/29/1998 7:31:00 PM
From: orkrious  Read Replies (1) of 6565
 
Hashem, everything sounds great to me except that the money spent to repurchase 1 million shares has essentially left the balance sheet because the reduction in shares was offset by dilution from the repriced options. That's probably $10 million (a million shares at 10 bucks each)out of $300+ million in cash. That sucks.

I should have sold all of my VLSI when I noticed that the phones used in AT&T's Detroit market rollout, Ericcson, were replaced by Nokia. However, AT&T has just switched back to a new Ericcson phone. With any luck, it means Ericcson is winning back share. Time will tell.

Jay
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