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To: bananawind who wrote (11494)6/15/1998 11:42:00 AM
From: Spartsker  Respond to of 152472
 
To all ... VLSI "strong buy" due to CDMA launch (briefing.com)

VLSI Technology Inc. (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.....