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

To: pat mudge who wrote (1097)	7/22/1999 12:33:00 PM
From: J Stone	Read Replies (1) \| Respond to of 2702

An analyst from Salomon/Smith Barney was on the call and asked several good questions. So, at least one sizeable firm is looking at VARL. I don't know what kind of takeover protection VARL has, but given its market potential, current relatively low P/E and low market cap, VARL makes a very attractive, low risk target. The only negative, albeit a small one, that I got out of the CC was VARL needs a little help on their press releases. They should have indicated that increased fixed costs -- depreciation etc -- caused net income to drop while net revenues increased and given dollar amounts. Instead, Jon Clark waited until the CC to cover these points. Much of the sell-off might be attributed to people thinking the margins have declined. Jeff