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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 (3869)	7/16/1998 11:55:00 AM
From: Maui Jim	Read Replies (2) \| Respond to of 6565

The analyst conference call was generally bullish, while the statement reads cautious. The bottom line is Q3 & Q4 profits will improve while VLSI becomes more of a wireless company.

To: Doug who wrote (3869)	7/16/1998 12:06:00 PM
From: DanZ	Read Replies (2) \| Respond to of 6565

Doug, There a few reasons why VLSI might be down today. 1. They missed by 1 to 2 cents on an operating basis. Big deal I say! The future is more important than the past and this is creating a buying opportunity. 2. The SOX is down 3 points today--just profit taking IMO. 3. The Nasdaq traded briefly over 2000 and has since retreated a little. Short term psychological IMO. I listened to the conference call and found the comments very bullish. While you are certainly entitled to stay on the sidelines, VLSI has traded in a wide range from 15 to 20+ for a while. I think our differing view are a matter of timing. Possibly I'm just a shorter term trader than you. As such, I bought back 3000 shares today, flipped out of 2000 for a small gain and am looking to buy 4000 more over the next few days. VLSI and the SOX will trade much higher over the next several months, IMO, and I'm not going to stay on the sidelines and watch it. Dan

To: Doug who wrote (3869)	7/16/1998 12:26:00 PM
From: Clarksterh	Read Replies (1) \| Respond to of 6565

Doug - the difference between that press release and the cc call is that the press release is comparing 98 in its entirety to 97 in its entirety, while the conference call was essentially saying that sequentially we should be going up. The press release does not indicate a sequential decline, and in fact, given that they are talking about 98 over 97 decline of 10% and the first half was significantly worse than that, I would expect quite a pick up in Q3 and Q4. I.E. The bottom (in revenue) is past us barring any further macroeconomic hiccups. Clark