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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: lifeisgood who wrote (5170)2/9/1999 9:33:00 PM
From: Maui Jim  Read Replies (3) of 6565
 
VLSI was 7 1/2 in October, LSI was 10 1/2. Semiconductors have since experienced a major upward reversal, and LSI has climbed to over 25. Just as LSI will never see 10 again, VLSI isn't likely to see 7. At present LSI is trading at 2.5X sales, with $1.61 per share of cash; VLSI is trading at 0.8X sales with $6.34 per share cash.

Business has been strong since January 1, and management was waiting for additional evidence before giving more positive guidance. Wireless is probably close to 50% of sales now, and that is way higher than at "LSI.com"...
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