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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: otter who wrote (5287)2/26/1999 5:05:00 PM
From: Ram Seetharaman  Read Replies (3) of 6565
 
Otter, Pal, this VLSI takeover is far from over. Today after the massive Compaq (CPQ) selloff followed by Micron, LSI and others selling off, next week there will be some bargain hunting buying particularly in the techs. I was on a conference call with Dan Niles of BancBoston Robertson Stephens this afternoon around 1:30 P.M Pacific Time, and he still reiterates $ 60 price target for Compaq by year end, despite today's profit cut forecast. With that kind of scenario, VLSI is stupid to accept $ 17 offer.
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