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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: otter who wrote (5287)2/26/1999 12:41:00 PM
From: All Mtn Ski  Read Replies (1) of 6565
 
Philips is a huge company, and since the release said "no product overlap", I can assume part of the reason they want VLSI is to have a GSM chip offering. I don't know how stubborn Stein is, but hopefully someone over there is a bit miffed at the price and is calling VLSI's investment banker to look for a better deal. The deal is for something like 1.4X revenues? CHEAP! Are there other semi's that might have $1 billion to pay 2X revenues ($21-$22)? For how many "large shareholders" will this be a take-under? They would want a higher price. With a semi upswing perhaps in the cards, buying VLSI now would make a lot of sense for a larger company. The question is, who is willing to buck Philips and offer more for VLSI and will that offer come before Wednesday? If you are nimble, I guess it could make for a possible "Double dip", but I think I am going to hold out for a higher price.

Tom
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