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

To: Doug who wrote (3636)	6/18/1998 12:44:00 PM
From: Winston Kim	Read Replies (4) \| Respond to of 6565

For all the longs...better think of selling....Layoffs and bad news is just around the corner for this company...as I smell an earnings warning coming up...Gruntal doesn't have a clue....morons... mercurycenter.com Layoffs seen at VLSI VLSI Technology Inc., a San Jose-based maker of custom miconductors, is expected to announce layoffs soon in San Jose and perhaps elsewhere. President and Chief Operating Officer Rich Beyer told an informal gathering of San Jose employees last week that layoffs were likely, to meet budget goals, said VLSI spokesman David Harrah. However, Harrah said information on the timing or extent of possible layoffs was not available. Revenues and profits plummeted last quarter after setting records in the second half of 1997, and Wall Street expects another disappointing quarter. VLSI, which employs 1,200 in San Jose and 2,500 worldwide, last laid off 150 employees in Silicon Valley in 1997.