Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DanZ who wrote (4006)	8/3/1998 7:16:00 PM
From: Robert Smith	Respond to of 6565

One of my friend today spoke to Gruntal's analyst Mona. As per Gruntal, there is no bad news other than 2 people leaving the company. They are expecting stock to rebound tomorrow and hit 16 in few days. Then it would double bottom around 13.5 and then again start going up. If the stock goes down tomorrow, a strong buy will be reiterated. FYI, I have put a buy order tomorrow at open at market price. Enjoy.

To: DanZ who wrote (4006)	8/3/1998 7:17:00 PM
From: E.J. Neitz Jr	Read Replies (2) \| Respond to of 6565

Dan, Unusual for A Company Not to Publicly Announce the Departure of Key Executives! Perhaps there is more to the story--other shoe to drop--so to speak. Count my vote as being concerned.

To: DanZ who wrote (4006)	8/3/1998 10:11:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 6565

Headline: VLSI Technology Announces Beyer Departure ====================================================================== SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 3, 1998--VLSI Technology, Inc. (NASDAQ:VLSI) today announced that Richard M. Beyer, president and chief operating officer, has left the company for personal reasons. "VLSI appreciates the contributions Rich made to the company, and we wish him well," said Alfred J. Stein, chairman and CEO. "As always, we are concentrating our efforts on executing our business strategy and satisfying our customers' needs. I believe we are strongly positioned in the communications, consumer digital entertainment and computing businesses. We have a very solid team that can weather the current semiconductor industry downturn while we continue to invest in the strategic technologies that position us well for the future." VLSI has no immediate plans to name a replacement, and Stein has re-assumed the duties held by Beyer. The executives who reported to Beyer now report to Stein. About VLSI Technology, Inc. VLSI Technology, Inc. designs and manufactures System-Level Silicon(TM) integrated circuits based on its FSB(TM) functional system blocks(TM) library. Targeting its offerings toward the wireless communications, networking, consumer digital entertainment and computing markets, the company offers its customers advanced system-level integration capabilities. The company is based in San Jose, Calif., with 1997 revenues from continuing operations of $712.7 million, and approximately 2,200 employees worldwide. Visit VLSI's homepage at vlsi.com Note to Editors: FSB, functional system blocks, and System-Level Silicon are trademarks of VLSI Technology, Inc. All other brand or product names are trademarks and/or registered trademarks of their respective owners. CONTACT: VLSI Technology, San Jose David Harrah, 408/434-3070 david.harrah@vlsi.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED MANAGEMENT CHANGES KEY: VLSIFX Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire