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

To: DanZ who wrote (4580)	10/8/1998 2:02:00 PM
From: Kelvin D. Nakamichi	Read Replies (1) \| Respond to of 6565

Merryl Lynch downgrade on Nokia and Ericsson this morning. cbs.marketwatch.com Kelvin

To: DanZ who wrote (4580)	10/8/1998 3:18:00 PM
From: Maui Jim	Read Replies (2) \| Respond to of 6565

Let me really stick my neck out with this one (I'm sure it will be discounted): Based on business VLSI already has in the pipeline for Q4 and 99, and assuming 1) Semiconductors continue their recovery, and 2) US & EC stay out of recession in 99 and Asia improves, I can see VLSI returning to the margins they had in late 97, and VLSI could earn $2. A PE multiple of 25 is reasonable considering semiconductors back up and the high growth markets VLSI serves. Therefore, I actually think $50 is possible in 99... JB