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

To: otter who wrote (4781)	11/2/1998 2:03:00 PM
From: JohnM	Respond to of 6565

i also missed getting back in at $6-7, but then again, i never thought it would drop below $10 in the first place. at least some folks on this thread who seem to know what they're talking about have suggested that VLSI's current trading range is $9-12. i picked up shares at $9 1/4, but was scared we'd more likely go to $8 then $10. vlsi has recently popped up into the $10-11 range (a couple weeks ago) but slipped back down to $9. my guess is that we're in the middle of rally to near $12, but could easily slip back to $9. a close above $10 today would appear to be a positive sign that $12 is more likely than $8 (in the coming weeks).

To: otter who wrote (4781)	11/2/1998 2:06:00 PM
From: Daniel Gilbert	Read Replies (1) \| Respond to of 6565

Otter: Companies that have fabs, good products,etc, and can survive the storm, will rebound niceley when the semis cycle goes into the positive again. I think VLSI is one of these candidates. Companies like CRUS, for example, have been selling all of their production capacity, cutting costs too deep, and essentially will be limited when the semis market rebounds. Anyway, I'm looking very closely at VLSI...possible entry at 9. Long term 12-18 mos, which is a long time in the technology market, I think we could see 30-40 in this stock.