VLSI Technology - Waiting for good news from NASDAQ !!! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: orkrious who wrote (4661)	10/14/1998 10:32:00 PM
From: Maui Jim	Read Replies (3) of 6565

One thing that I can not understand is VLSI not using more of its $300 Million of cash to increase share repurchases? Unbelievably, cash per share for VLSI is actually higher than Intel (6.86 vs. 4.42, Q2 #s), and while Intel has been buying back shares at five to six times book value, VLSI declines to buy back BELOW book? If anyone doubts the effect this can have on a stock price, take a look a CY. The stock traded as low as 5 1/2 on Sept. 1; The next day the board announced a 14 Million share repurchase, and in a couple weeks the stock was trading at 9, 50% over book. Go figure...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next