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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (1092)	7/21/1999 2:17:00 PM
From: Robert Sheldon	Read Replies (1) \| Respond to of 2702

The sell off today looks suspicious. Take a look at MPDI and RFMD other wireless component stocks I closely follow . . . they are all down on volume, BUT both MPDI and RFMD had very fast earnings growth: MPDI revenues up 42% net income up 283% RFMD revenues up 165% net income up 400% Looks like some momentum players may have gotten into these stocks in general (click below) and are now selling the news for the whole basket including VARL. techstocks.com This looks to be an orderly exit to me. There are buyers stepping in to buy VARL at these levels. On another note, it is nice to see we have only slipped back to the $11.5 to $12 range . . . an area we last visited just two days ago. Let's keep this in perspective. I am looking forward tremendously to the conference call.