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To: Tony Viola who wrote (13718)	7/21/1998 10:25:00 AM
From: Spartex	Read Replies (1) \| Respond to of 25814

Tony: Thanks for the great research on semiconductors, transistors, and integrated circuits. While my knowledge on the early part of this industry is sparse, I am familiar with some of the business start-ups during the 1980s (my father was a one of the venture capitalists backing VLSI during first and second round investing, and he also invested in Federico Faggin (fomerally of INTC, who was a co-founder of the microprocessor [8086] I believe) in a company called "Cygnet" which designed a telecommunications product that didn't take, as it was ahead of its time....;) Sometimes that happens, but entrepreneurial spirit is what makes the USA great. Regards, QuadK

To: Tony Viola who wrote (13718)	7/21/1998 12:52:00 PM
From: Moonray	Read Replies (1) \| Respond to of 25814

'State Of The Semiconductor Industry' Focusof Informed Investors Forum July 25 in Santa Clara - BW, July 15, 1998 03:21 PM SANTA CLARA, Calif.--(BUSINESS WIRE)--July 15, 1998--What can investors expect next in the topsy-turvy semiconductor stocks industry? Has the industry hit bottom yet? When will the "Asian Flu" go away ... will it go away? Is the transition to the new platforms proceeding? Those questions and more will be discussed at the 3rd Annual Informed Investors Semiconductor Stocks Forum Saturday morning, July 25 at the Santa Clara Marriott in the heart of Silicon Valley. The Forum will run from 8:30 a.m.-12:30 p.m. The cost is to attend is $20 prepaid; $30 at the door. Audio tapes are $48.95. To register or order audio tapes, call 800/992-4683. For information on Informed Investors, visit the website at informedinvestors.com . The keynote speakers are Ron Elijah, portfolio manager of the Robertson Stephens Value & Growth Fund and Charles Boucher, senior semiconductor analyst at Donaldson Lufkin Jenrette . Recently, each gave Informed Investors a brief preview of what they will elaborate on at the Forum. "I think it is a great opportunity for investors to buy quality semiconductor and other tech companies," said Elijah. "I believe in technology and I think the industry will grow at a compounded rate of 15% per year. But it is a cyclical industry so some years it will grow 30% and others it will decline by 5%. Nonetheless, I'm comfortable that over 10 years it will grow at least 15%. I think if it hasn't bottomed yet, it's close." Elijah said it appears the bloated inventories of MMX PCs are nearly eliminated, which paves the way for new platforms to take over. About the Asia crisis, Elijah said, "We're pretty much through that," adding, "A year from now, business will be better than it is today." Stocks Elijah believes merit looking at right now include Intel INTC , Micron MU , Applied Materials AMAT , LSI Logic LSI , Novellus NVLS and Texas Instruments TXN . Boucher agrees with Elijah that investors should look at the best companies right now. "These stocks are cyclical, but what's different this time around is that many of the semiconductor companies like Applied Materials are profitable in this environment. In some of the downturns in the past, this was not the case." Boucher likes some of the same stocks Elijah recommends. Boucher also mentioned a few others such as Altera ALTR , Xilinx XLNX and VLSI Technology VLSI . A year ago, Boucher predicted that at some time in 1998, there would be an opportunity to "back up the pickup and load up on semiconductor stocks." Attendees at the Forum will hear if that time has come. "This is shaping up to be one of the most interesting Forums we've had in some time," said Tim Quast, Chief Operating Officer of Sacramento- based Informed Investors. "The semiconductor industry has been through a tumultuous year with the weakness in Asia impacting many companies along with a lower demand for product. "This has impacted our own Forum," Quast continued. "Three companies that had previously committed to presenting pulled out because of conditions in the industry. While we believe now is the best time -- when the stocks are down -- to talk about the future, they didn't agree. We do have two good companies, 3D Labs TDDDF and 8x8, Inc. EGHT presenting and are still talking with several others about participating." Since 1993, Informed Investors has featured scores of quality companies and industry experts at its Forums. o~~~ O