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

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

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To: Ram Seetharaman who wrote (5932)	3/22/1999 8:09:00 PM
From: Maui Jim	Read Replies (1) of 6565

For what it's worth, and I know I'll get some heat for this, but I think VLSI is worth the $30 right now. It won't take much more than what is already developing with the semi market and VLSI's new products, to get earnings back to the .40-.50 quarterly range. With a P/E of 25, that could give us a $50 stock, so $30 now, in advance of a series of steadily increasing earnings and upside surprises from current analyst projections, is reasonable. I believe without the PHG offer, this process would begin by the April earnings announcement. Hey, LSI is saying this right now, and their stock has responded in kind. Jim

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