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

To: jeff lipschutz who wrote (4267)	9/2/1998 5:35:00 PM
From: Randy McWilliams	Read Replies (1) \| Respond to of 6565

Is there really anything surprising in this report? Wasn't this all reported before and expected? SAN JOSE, Calif., Sept 2 (Reuters) - VLSI Technology Inc. said Wednesday that its third quarter results will lower than Wall Street expectations, due to a slowdown in the semiconductor industry that has affected orders and shipments. The company said in a statement that it expects to report revenues 5 to 10 percent lower than the $137.8 million reported in the second quarter. It also said it expects to take a charge against third quarter earnings related to previously announced staff reduction. Analysts had expected the company to report profits of $0.13 per share, according to First Call. ''Orders and shipments for the company's products have slowed in the current quarter in line with the general slowdown in the semiconductor industry,'' Chief Executive Al Stein said in a statement. Stein added the company was well positioned to take advantage of industry recovery in 1999 and beyond. VLSI designs and manufactures advanced system-level silicon integrated circuits for the wireless communications, networking, consumer digital entertainment and computing markets.