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: Linda Kaplan who wrote (6240)	4/19/1999 5:38:00 PM
From: schlep	Read Replies (1) of 6565

*** ....net income in the first quarter was $2.3 million, or $0.05 per share diluted,...... In the first quarter of 1999 VLSI recorded a pretax charge of $4.5 million for expenses relating to the unsolicited tender offer by Royal Philips Electronics. The company recorded pretax gains of $7.8 million in the first quarter of 1999 and $22.4 million in the fourth quarter of 1998, primarily as a result of the sale of ARM Holdings Ltd. shares. *** Board Please confirm: without the Phillips bid and $4.5M expense, earnings would have been nearly $0.10 and really blown away estimates? Then again, without the ARM gain, or the Philips bid, we would have been about -$0.02 SO, based on this, we did NOT meet estimates? schlep

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