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

To: Trey McAtee who wrote (3594)	6/15/1998 10:58:00 AM
From: DanZ	Read Replies (3) \| Respond to of 6565

Gruntal reiterates strong buy. (VLSI) 15 11/16 + 7/16: Gruntal & Co. reiterates "strong buy" with a 12-month price target of $30 on designer and manufacturer of custom and semi-custom integrated circuits as company unveils its new CDMA controller chipset product line; while volume shipments are not available until early 1999, CDMA+ will power cellular phones moving forward; believes CDMA standard will be the platform of the future as it operates three times faster than GSM, transfer data quicker and uses bandwidth more efficiently; views announcement as positive even though difficult to determine revenue projections for CDMA at this time... ________ The stock has resistance at the middle bollinger band (16 1/8), but if it gets through there, then the next resistance level is near 17 1/2. It's looking great for the longs now and I think we have made a major cyclical low in the SOX. I believe that we are in for a bull market in semiconductor stocks over the next 12 to 18 months. Dan