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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Mark Brophy who wrote (5076)1/23/1999 10:49:00 AM
From: BWAC  Read Replies (2) of 6565
 
Thanks Mark. So let them do 10% then. As I said before, it sure doesn't look like the earnings are speaking for themselves. And all that cash on hand isn't helping earnings any. They should either get it reinvested in something more profitable or otherwise use it to return some shareholder value.

I just read something in IBD about mutual funds selling. It listed VLSI as having 16 funds selling and only 2 buying. Now this is on a stock that it trading at 12 with 12 of book value and about 8 of that in cash. So? VLSI really needs to make some statement about their value.

And they did try to make a "statement". They specifically alluded to that valuation in their conference call by reminding the analyst of their "strong" financial position. I listened and the whole comment appeared to be totally ignored. In one ear, out the other.
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