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To: Hollywood who wrote (16762)	10/16/1999 12:44:00 AM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV -- We highlighted this stock in our news section a few weeks back. I honestly did not think it would go out on Friday. I was only alerted to it when I got some token IPO shares. This was the first time I got IPO shares in the past number of months. they have been far and few over this past year. Anyway, the call alerted me to the fact that it was going off. Yep, I was notified literally moments AFTER it opened. I got close to 5% of what I asked for, so it was not such a great deal. Key point: the fact I got shares means it was not too terribly oversubscribed. Anyway, that is not the point. I was able to buy some on the open market, which I did, at $12.50, missing the $11 opportunity because I was busy with VECO and MIPS. I think QUIK has a good chance to succeed since it is a chip maker but they have stiff competition. QuickLogic's competitors include Lucent Technologies Inc. (LU), Xilinx (XLNX) and Altera Corp. (ALTR). Looking beyond competitors I cannot fault the type of business they are in. I believe they will participate in this next leg up of the recovery.I also think that QUIK may have under-perfromed on Friday due to the market pullback, making many people wary of investing. I am willing to bet that QUIK was barely subscribed and had trouble cycling shares on the open market. It was erratic enough to Open at 13.5, fall to 11, and then fight its way back to its close. As soon as investors become less skittish and we have a recovery, we could see some positive activity here. I think you had some buyers backing out of the IPO when they saw the anticipated lackluster opening. That probably allowed some of us to get in. One-half of the shares (3,333,500)were offered by Cypress Semiconductor and this company does have the original inventors of programmable array logic (PAL©). Business could pick up IF we get the capacity crunch we have been reading about forces increased usage of FPGAs. Of the 3 listed offerings, I personally value the software part of the business since working smarter on designs is going to become more imperative over the next few quarters until capacity can catch up with demand. AV