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To: Dale Knipschield who wrote (13760)	5/12/1998 1:18:00 PM
From: Andrew Vance	Respond to of 17305

AV--No, I do not know anything about this company. However, that does not mean that I am not going to get more familiar with it<GGG>. The following clips have stimulated my interest. 1. About Pericom Pericom Semiconductor Corporation designs, develops and markets high-performance interface integrated circuits (ICs) for the transfer, routing and timing of high-speed digital and analog signals within and between computer, networking and multimedia systems. The company's high-performance interface ICs are essential for the full utilization of the speed and bandwidth built into today's advanced microprocessors, memory ICs, LANs and WANs. The company offers more than 300 products in its Silicon Interface, SiliconSwitch, SiliconClock and SiliconConnect families giving customers a wide array of interface IC solutions. Pericom is ranked fourth in the ''Silicon Valley Technology Fast 50,'' compiled by Deloitte & Touche, based on its 8,605 percent revenue increase from 1992 to 1996. Company headquarters is located in San Jose, California. Telephone: 408-435-0800. Web site: pericom.com 2. For the third fiscal quarter of 1998, ended March 31, 1998, net revenues were $12.5 million, up 56% from $8.0 million in the third fiscal quarter of 1997. For the nine months ended March 31, 1998, net revenues were $35.9 million as compared to $21.9 million in the first nine months of fiscal 1997, an increase of 64% over the same period in fiscal 1997. 3. During the quarter the Company introduced a number of high performance interface products in support of the new 100MHz PC bus requirement which are being rolled-out in conjunction with Intel's 440BX chipset and the new PC100 standard for SDRAM memory. These products included the 6C100/180 PC clock generator/buffer chipset for the desktop market and the 6C102/182 clock chipset for the portable market. Both chipsets support either the 66 MHz or new 100MHz CPU bus speeds and implement a spread spectrum design technique to reduce electromagnetic interference. Another product release was the ALVC16835 18-bit universal bus driver specifically developed to support the PC100 memory standard. ''These products are critical in enabling the latest generations of processor and memory technology to operate at their optimum performance levels,'' added Hui. ''The challenge of reliably transferring data and routing and timing signals at these higher bus speeds is the Company's primary mission.'' With foundry capacity cheap these days (underutilized from what we are being told), it would appear PSEM could get favorable pricing from the foundry for improved future margins and profitability. Andrew AMAT-just sold a bunch of May37.5 CALLs at 15/16 and bought MAY40 PUTS at 3. Funny thing is that the PUT went through at 3 (now at 3 x 3.25 B/A) prior to the CALLs being sold. Instead of only getting 7/8, I got 15/16, WOW!!!<ggg> Why do this?? I was talking to a friend moments ago and he asked about this, considering AMAT reports earnings after the market today. I agreed with his gut feeling that AMAT will have a hard time putting a positive spin on this quarter. They are having a shutdown, they are not selling as many reactors, and they may have slowed down ordering hardware from their suppliers causing their backlog with these suppliers to drop dramatically. I concur with his rationale and think this might be a gutsy short term play. Options expire this Friday and a momentary retracement tomorrow might yield a few dollars profit. Besides, when checking the options activity moments ago, it appears that many others are doing the same thing. Might as well go with the flow on this. This may not bode well for the rest of the sector if AMAT has an unpleasant earnings conference call. It might filter to many of the other stocks in this group. BTW-interesting notes: LRCX was unable to keep its steam up above $30. I saw no reason for its rise and feel comfortable at the $28 price it now has. This is the best price it should have and hopefully it will not deterirate further. However, I am not a buyer of this yet since I think it may retrace even more. My unrealistic target is $24-25 before venturing there again. And should it reach that within the next week, I am more inclined to adjust the price downward some more and wait for a positive turn around. CFMT-I am sure the numbers have changed but when I checked earlier today, the stock was up $0.75 from $12.25 to $13 on only 1200 shares traded. However, the bid was 12.3125 and the ask was 13. Whatta spread on that one relative to volume.