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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: E.J. Neitz Jr who wrote (40710)	6/17/2002 10:38:48 PM
From: BWAC	Read Replies (1) of 53068

Sounds like the bought out VLSI of 1998 to me. Traded to cash value at $7, no debt, fiddled around, famous CFO quote to me "Not a time to be a hero and spend our cash to buy back half the stock", and still they would have had sufficient cash to operate..............fast forward 6 months.........Philips does end around on my "hero CFO" and brings hostile offer for $12. VLSI ended up going for $17ish. VLSI tracked/followed/traded in sympathy with LSI. LSI was $10 when VLSI was $7. LSI went to $200. An insane $200, but a sane $60 would have been a hell of a lot better that $17.

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