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

To: DanZ who wrote (3144)	3/11/1998 6:52:00 AM
From: Gary Ku	Respond to of 6565

Thank you for your good luck. I do believe VLSI will turn around soon. As VLSI's VP of corporate communications believes that a "significant" part of wireless communications products and satellite set-top boxes's softness is cyclical in nature. Part of that softness can be attributed to the cancellation of a $15 million order from ERICY. In a research note, BancAmerica Robertson Stephens & Co. analyst Daniel Niles stated that ERICY's cancellation is due to inventory reduction policy and it should end by the second quarter of this year. That figured into his reasoning for upgrading VSLI's stock to "buy". Based on Daniel Niles statement, we believe the lower price is temporary and a good opportunity to buy at this level.