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: E.J. Neitz Jr who wrote (4282)	9/2/1998 7:02:00 PM
From: Robert Smith	Respond to of 6565

It started trading now as per following message. www1.newsalert.com

To: E.J. Neitz Jr who wrote (4282)	9/2/1998 7:22:00 PM
From: E.J. Neitz Jr	Read Replies (1) \| Respond to of 6565

XOMA Filings--Cash Needs 1998 To clarify the point regarding the use of cash and securities--looks like the wafer upgrade is slated for end of 1998 8/98 Q report Semiconductor manufacturing also requires a constant upgrading of process technology to remain competitive. The Company is planning to commence the conversion of its San Antonio facility from six-inch to eight-inch wafer capability in late 1998. Any significant expansion or upgrade of semiconductor manufacturing capacity has attendant risks. Inefficiencies caused by the work associated with the modifications of the manufacturing facilities could adversely affect the Company's results of operations. VLSI currently estimates that total capital expenditures for 1998 will be approximately $150 million. These expenditures are anticipated to be used for converting from six-inch to eight-inch wafer technology at the San Antonio fabrication facility, sub-micron wafer fabrication capability, EDA tools deployment and other equipment upgrades. The Company expects to utilize primarily existing cash balances and cash from operations for its 1998 capital expenditures.