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Technology Stocks : Vari-L (VARL)

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To: Mark Oliver who wrote (960)5/6/1999 7:42:00 PM
From: Robert Sheldon  Read Replies (1) of 2702
 
*They must compete against some pretty heavy competition, which must also have internal supply of these components, such as Motorola and Ericson.*

MOT just sold its VCO unit to the unit's managers.

*Do these chips for phones care about CDMA, TDMA, or GSM? Or, will VARL sell into all?*

VARL sells into any and all standards . . .

*Finally, I wonder if there isn't one or 2 really cleaver engineers who are responsible for most of VARL's success? It's a small company and glancing through past annual reports I got such a feeling. That seems like a worry if true.*

Yes it is true . . . not to worry though. The chief architect of VARL's success is Joseph H. Kiser, the Chairman & CSO. He also owns ~14.37% of the company. Together the officers and directors own ~28.79% of the company.

Officers / Directors
Joseph H. Kiser (Chairman & CSO) 789,543 14.37%
David G. Sherman (Pres. & CEO) 487,230
Sarah L. Booher (Director) 58,530
David A. Lisowski (Director) 16,700
Anthony B. Petrelli (Director) 10,000
Derek L. Bailey (VP Sales & Mktg.) 74,290
Jon L. Clark (CFO, VP Finance) 53,296
Daniel J. Wilmot (VP Engineering) 92,290
1,581,879 28.79%

*In the end, I keep wondering why they aren't being acquired?*

Some thoughts . . .

1) Their gross revenues are too small to attract attention.
2) They have not fully accessed the high volume handset market (yet).
3) They are a microcap issue.
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