Exar: any opinions Message Board

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Technology Stocks : Exar: any opinions

EXAR 12.99

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Jul 14 5:00 PM EST

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To: Jaipal Patheja who wrote (66)	2/6/1997 3:32:00 PM
From: Michael Solinas	of 118

Message from Jaipal Patheja on Feb 6 1997 10:55AM EST >I've been watching EXAR for over a year. They have been in >"transition" on an ongoing basis and trading in a range >between 13 and 17. [snip] >EXAR's cash holdings are also decreasing. [snip] >What does Prudential Securities know that we don't? I recently had lunch with two "recipients" of the recent layoff at Exar. The recent announcement of restructuring was not clear - but there was, in fact, a reduction in force. None of us could figure why Prudential continues to believe the "transition" and "redirection" tales. Yes, the CEO has changed. Yes, a replacement VP of Sales was brought on to replace the one who left. Beyond that, there have been no changes to the executive staff. Still , I have yet to see real change. Is there such a thing as "vapor-transition?"

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