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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 (4493)	10/1/1998 2:22:00 PM
From: Kelvin D. Nakamichi	Respond to of 6565

Kevin; Yesterday and today (so far). Dow down 402 NASDAQ down 108 VLSI down 1/16 Somethimes boring can be good. Kelvin

To: Kevin Hay who wrote (4493)	10/1/1998 2:38:00 PM
From: shane forbes	Read Replies (3) \| Respond to of 6565

Kevin: RE: Shane, were you smart enough to avoid all this nastiness of the last couple months? If that pertains to VLSI - a small yes. If that pertains to my entire portfolio - a huge no! I was in VLSI in early Feb at 20 and then out at 23 1/2 or so a few weeks later (the wireless thing & luck). Last year was the big VLSI year for me - I could be wrong but I think this stock was my best performer in terms of dollars and capital gains. Got out because of the Asian thing (I never intended to hold VLSI for ever and ever and needed the cash anyway - luck again!). Actually started reestablishing a tiny position on 7/29 just before the stock promptly started its death sprial. Then bought more at 9/11 for a total cost basis of around 10 and a holding period of 6 weeks. As far as the overall portfolio in early Jan. I cleaned house then salivated in March/April/May with smaller caps (they were cheap then) only to find them going much cheaper over the next few months. I refuse to sell undervalued stocks even if the market deems otherwise. (down about 30-40% in entire portfolio over a net holding time of around 5 months or so). Not sure what is going on with Mr. VLSI these days - seems a bit of a mess - but I do allocate some money into stocks that are ugly but overall sound (design skills must mean something - I hope) and this one qualifies. Heck cash levels are high even taking into account any effect of the one-time charges and any weakening of business over the next few months (so in a perverse way buying in at around cash is a riskless proposition as long as the company is not a fraud and I don't think VLSI is a fraud - at least I certainly hope so.) Only exit strategy I have is to hold on to my "cheap" cyclicals such as VLSI while all those around me are losing their heads <g> and resolutely repeat that over time (the next few years) the chip industry will come back with a vengeance and then it will be 1995 (likely much better) all over again. In the meantime bloodied and hammered I ignore the ticker. <g> Shane.

To: Kevin Hay who wrote (4493)	10/2/1998 6:45:00 PM
From: Spartex	Respond to of 6565

Kevin: <<Shane, were you smart enough to avoid all this nastiness of the last couple months? Personally, I've realized my system's exit strategy leaves much to be desired. Am interested in how others have avoided this pool of blood. Pathetic though it be, vlsi is holding quite steady with the nas down ~60. It's looking like ww-III is priced into this stock already.>> I've fortunately hid myself in NOVL shares since Dec97 at a price of $7 1/2, as Asia was NOT just a temporary scare in fall 1997. Though I'm becoming more interested again in VLSI. I need to find out more about their potential for growth over the next year, if any. The reason VLSI held in a down nasdaq market must be related to its almost $7/share cash value. Cash has a way of making people feel warm and fuzzy in the current climate, and cash is what VLSI has on its hands. Regards, QuadK