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

To: Jeffrey Chan who wrote (3854)	7/15/1998 6:05:00 PM
From: Don Ciphon	Respond to of 6565

Conference call over all was very positive. Revenue will improve in the third quarter and further strengthen in the fourth quarter. Fab loading will be up sequentially. Strong design win activities will help 1999.

To: Jeffrey Chan who wrote (3854)	7/15/1998 6:38:00 PM
From: DanZ	Read Replies (2) \| Respond to of 6565

Jeffrey, The volume was too light in after hours trading to be a reliable indicator of how VLSI might open tomorrow. The last trade on quote.com was only 200 shares at 20 1/4, and it was posted at 16:59:11, before the conference call began. I guess we will just have to wait until tomorrow to see what traders think about the report and conference call. The SOX broke out on the daily chart today, closing up 18.08 points to 273.23. The next resistance level in the SOX is at about 285 and then 305. The 285 resistance doesn't look all that significant but the 305 resistance will probably take some backing and filling before it breaks through. VLSI has resistance at 21 and support at about 20 and 18. I'm very positive on the SOX and VLSI and would only trade from the long side. Dan