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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Hashem Akbari who wrote (4472)9/30/1998 1:56:00 PM
From: Kevin Hay  Read Replies (1) of 6565
 
re: <<Their relationship with Ericsson is great but Ericsson is losing market to Nokia.>>
***This implies that VLSI is not loosing design orders for Ericsson to
someone else, yet it doesn't say it very clearly.

note:
from wsj 9/3/98
---
Tim Kellis, a semiconductor analyst at Adams Harkness & Hill in Boston, said that VLSI's problems don't stem from the fact that Ericsson is losing market share to Nokia, but that VLSI is actually losing some Ericsson design orders.

First off, Kellis said, he "doesn't believe that Ericsson is losing market share to Nokia, it's just not growing as fast." According to Kellis, Nokia is the world's largest cell phone vendor, while Ericsson comes in second.

Kellis said Ericsson uses VLSI's DSPs in its older handset models. For newer models, Ericsson is turning to VLSI competitors Texas Instruments Inc. (TXN) and STMicroelectronics NV (STM), the Franco-Italian semiconductor maker.
---

Hmmm.. Somehow I don't think I'll be able to get a straight answer
from Sunil. I talked with him a little over a week before the pre-
announcement and he was still sticking with the growth story.

Upside of the stock buyback is that it will help eps, which I think
the street is more concerned about than book value.

Thanks Hashem..,
-Kevin

ps . comments on Kellis' remarks are invited.
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