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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Robert Scott who wrote (3027)	2/27/1998 9:06:00 AM
From: Haim R. Branisteanu	Respond to of 6565

VLSI Technology Foresees Reduced Earnings in First Quarter SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 26, 1998--VLSI Technology, Inc. (NASDAQ:VLSI - news) today announced that revenues and earnings per share for the company's first fiscal quarter ending March 27, 1998 are expected to be significantly below analysts' current expectations. The company expects revenues and earnings for the first quarter to decline from the first fiscal quarter of 1997 ended March 28, 1997 as well as from the fourth fiscal quarter of fiscal year 1997 ended December 27, 1997. Orders and shipments for the company's products have slowed in the current quarter primarily in wireless communications and consumer entertainment due to the cyclicality of these consumer-oriented markets, the business uncertainties associated with the current economic situation in the Asia-Pacific region, and inventory adjustments underway at a range of customers. The company expects to see shipments return to more normal levels during the second half of the year. In the meantime, the company is reviewing and implementing a broad set of programs to stimulate revenue growth and control expenses.