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

To: Phaedrus who wrote (4544)10/5/1998 10:16:00 PM
From: Linda Kaplan  Respond to of 6565
 
Good luck. We'll miss you but wish you the best of luck! Linda



To: Phaedrus who wrote (4544)10/5/1998 10:57:00 PM
From: BWAC  Read Replies (1) | Respond to of 6565
 
Phaedrus,

Your concerns are certainly valid. But I can't really understand selling at this point.
Reasons: The company has repeatedly said it was still going to be "cash flow positive" this quarter. They have $7 a share in cash on the books already. Book Value is about $12 per share. So why be a seller at $7 1/2 or so???????

Does anybody ever look at a financial statement anymore? Or is this all just about psychology and sentiment.


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