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

To: orkrious who wrote (4338)	9/4/1998 1:45:00 PM
From: Smilodon	Respond to of 6565

I sold out yesterday. I don't think I have ever sold a company trading at such a cheap valuation. But, there are just so many cheap companies out there and I don't see much of a catalyst for VLSI. The bungled sale and firing of the President is a tragedy. I have heard that his firing has hurt some customer relationships. There is real concern that VLSI is losing marketshare to TI. Oh well, maybe next time, Archer

To: orkrious who wrote (4338)	9/5/1998 6:10:00 PM
From: Maui Jim	Respond to of 6565

Hi Jay, Yes, I have been a long time VLSI bull, even being occasionally called an "irrational-bull". This was largely based on my having worked with VLSI and being impressed with the IP they developed and the high calibre of many of the key people there. Sadly, I also held a large VLSI stock position from last fall's high 30s region to 7 1/4 yesterday. This magnitude of decline is staggering, even considering the company has gone from a fairly high level of profitable in late 97 to more or less break-even today. Like many of us here, I am troubled by the management turmoil the company is currently undergoing. There is no way to put a positive spin on any of that. Part of the blame also needs to rest with the board of directors, which has not exhibited the strong leadership the company requires. Getting back to your specific questions, I believe the current shortfall is more related to VLSI's continued reliance on Ericsson, who are getting killed by Nokia in the marketplace, more than anything else. Q4 and 99 actually look good, both due to new Ericsson models, and significant new business with other wireless manufacturers. Digital entertainment is doing OK. Jim