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

To: Robert Griffin Gregory who wrote (4157)	8/25/1998 5:07:00 PM
From: BWAC	Read Replies (1) \| Respond to of 6565

What is there to say or discuss. Nobody seems to want anything to do with this and other stocks which have fallen over 60% off their highs. It doesn't go up daily so the momentum players won't venture far from the new nifty fifty. Maybe we should lose some money like MU and get rated a strong buy? Well let's see after today we have a 11 7/16 stock price. Lowest price since January 1994. Backed up by $12 of book value which includes almost 7 bucks in cash. Gee I wonder how close to 7 we can fall. Earnings are still expected to be above 0. Price to Sales is at .95 of last years sales. Normal for a tech stock is 2 to 3 times. VLSI has said it will buy back 2 million shares. We have heard rumblings of buyouts with a price over 20 and fighting within management over the issue. We think our CsomethingO got fired over this issue. Yet sellers continue to appear and drive the price down. Great I should have taken psych. courses to understand sentiment better instead of getting an accounting degree.

To: Robert Griffin Gregory who wrote (4157)	8/25/1998 6:16:00 PM
From: E.J. Neitz Jr	Read Replies (1) \| Respond to of 6565

Griff-- No On Realy Knows When VLSI Will Come Back--More Bad News From Applied Materials after the close today probably will set all semi's lower tomorrow--now they are disclosing rotten Q4, etc. Unfortunatly momentum works on the downside as well as the upside. Remember this well back in 1990 with the semi's--pain wouldnt stop--just kept falling even below book value--so who knows--but there is value in VLSI-just a matter of time--problem is psychology gets best of most people--many just throw in the towel --so do what lets you sleep at night! Best wishes.

To: Robert Griffin Gregory who wrote (4157)	8/25/1998 9:54:00 PM
From: Bill C.	Read Replies (1) \| Respond to of 6565

I think there's a lot of fear out there. You've got people in Barron's, on CNBC etc. talking about the market losing 75%, 80% of its value. They were saying this 6 mos., a year ago but now a lot of people are starting to believe not so much that it could happen but that other people will believe it so I better get out before they do. Many good tech stocks have already lost as much as 80% of their value but it doesn't matter because people fear that if the overall market tanks real bad, even these stocks could fall 20 to 40% from where they are now. My whole portfolio is in tech except for one oil driller and two emerging market closed-end funds. I can really pick 'em. I have a small position in VLSI so am not tempted to sell, a large position in LSI and may have to sell a little. Good luck to everyone, Bill C.