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


To: Kevin Hay who wrote (4327)9/3/1998 5:20:00 PM
From: orkrious  Respond to of 6565
 
Kevin, I agree with you completely. The conference call was six weeks ago and everything looked terrific and I bought more at 19. Then the management problem (I really wonder if the problems with Beyer were as speculated. Given all that's happened since then, it seems reasonable to speculate that there wasn't a deal on the table with LSI, and Beyer was canned because business wasn't equivalent to his projections. This gives the benefit of the doubt to Stein, which I really don't like doing, but it is a possibility.)

In any event, I don't understand how everything turned to sh*t in six weeks.

Jay



To: Kevin Hay who wrote (4327)9/3/1998 6:32:00 PM
From: Trey McAtee  Read Replies (2) | Respond to of 6565
 
kevin--

it isnt rantish at all, its completely true. someone leaked this news the entire time the company was lying to us.

there is one thing though...you mention baseball bats. not a good idea, as they would probably call the cops. better to hire pros to take out a few people. lets just say big al better send a mail boy out to start his car from now on.

this has destroyed the company for the next 12 months. saying turn around is 1999 and beyond has made VLSI dead money for the next 6 months. i am out as soon as i can sell a little bit higher than my current average cost. longer term, credibility has been severely damaged.

i already own one company with shitty management, i dont need two.
thats the key, and something we dont like to get into here. a company can have great products and excellent prospects, but without management investors trust...the stock is going nowhere.

good luck to all,
trey