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

To: ricky who wrote (3114)	3/6/1998 3:34:00 PM
From: Kevin Hay	Respond to of 6565

re: < a single reason to buy this stock> The only reason I can come up with, at least short term, is that VLSI has a habit of beating expectations when they are low.. .., also missing them when they're high, but that is not the case right now. I covered my short @ 19.25, oh well. But I'm having a real hard time convincing myself to go long. It seems plain bizarre to me that we were at 19 twice this year BEFORE the bad news, but now with '98 and '99 estimates coming down we're holding quite solid right around 18.5 to 19. go figure... When I talked with the guy at VLSI he said nothing about anything past these next two quarters, yet estimates are coming down for 1999. What's up with that? I might get some, 'just in case', but I'd get a lot more below 17. VLSI is a fast and nimble company with so many different products I think there is 0 fear that they'll just go away...., but I have experienced a ride from ~19 to below 12 (mid '96) and while it worked out well, 12 was way white knuckled. Enough has happened since then that I think we should'nt go any lower than 14-15, but I think the whole market will need to be in the toilet for that to happen. cheers, -Kevin