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

To: Hashem Akbari who wrote (4472)	9/29/1998 7:22:00 PM
From: Trey McAtee	Respond to of 6565

hashem-- thanks for the update... stein didnt want to go just yet. well, thats nice. wish he had given us the ability to decide on his tenure. good luck to all, trey

To: Hashem Akbari who wrote (4472)	9/29/1998 7:27:00 PM
From: Linda Kaplan	Respond to of 6565

Thank you. Appreciated. Linda

To: Hashem Akbari who wrote (4472)	9/29/1998 7:31:00 PM
From: orkrious	Read Replies (1) \| Respond to of 6565

Hashem, everything sounds great to me except that the money spent to repurchase 1 million shares has essentially left the balance sheet because the reduction in shares was offset by dilution from the repriced options. That's probably $10 million (a million shares at 10 bucks each)out of $300+ million in cash. That sucks. I should have sold all of my VLSI when I noticed that the phones used in AT&T's Detroit market rollout, Ericcson, were replaced by Nokia. However, AT&T has just switched back to a new Ericcson phone. With any luck, it means Ericcson is winning back share. Time will tell. Jay

To: Hashem Akbari who wrote (4472)	9/30/1998 1:56:00 PM
From: Kevin Hay	Read Replies (1) \| Respond to of 6565

re: <<Their relationship with Ericsson is great but Ericsson is losing market to Nokia.>> ***This implies that VLSI is not loosing design orders for Ericsson to someone else, yet it doesn't say it very clearly. note: from wsj 9/3/98 --- Tim Kellis, a semiconductor analyst at Adams Harkness & Hill in Boston, said that VLSI's problems don't stem from the fact that Ericsson is losing market share to Nokia, but that VLSI is actually losing some Ericsson design orders. First off, Kellis said, he "doesn't believe that Ericsson is losing market share to Nokia, it's just not growing as fast." According to Kellis, Nokia is the world's largest cell phone vendor, while Ericsson comes in second. Kellis said Ericsson uses VLSI's DSPs in its older handset models. For newer models, Ericsson is turning to VLSI competitors Texas Instruments Inc. (TXN) and STMicroelectronics NV (STM), the Franco-Italian semiconductor maker. --- Hmmm.. Somehow I don't think I'll be able to get a straight answer from Sunil. I talked with him a little over a week before the pre- announcement and he was still sticking with the growth story. Upside of the stock buyback is that it will help eps, which I think the street is more concerned about than book value. Thanks Hashem.., -Kevin ps . comments on Kellis' remarks are invited.