VLSI Technology - Waiting for good news from NASDAQ !!! Message Board

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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: Ram Seetharaman who wrote (5284)	2/26/1999 12:06:00 PM
From: otter	Read Replies (3) of 6565

For the most part I agree; and that is why I lightened up (slightly less than 50%) of my long position with the stock. On the other hand, I'm keeping the options because of the time value thing. I'm guessing here but given that VLSI will reject the offer, the stock will drop to around 13. @13, with time value back, my options won't be worth that much less than they are now, and I get to reevaluate. On the other hand, if VLSI says sure, then the options will be worth a buck more than they are now. If VLSI goes well into play and if a deal is done at anything over 17, the options really take off (depending of course on the deal and the buyer) The only option scenario that hurts me is if VLSI tanks really hard at or below 11. I don't thing that's going to happen. I just saw a post that raised the spectre of Ericcson's reaction to this. I think this is a real wild card that people aren't really integrating yet. I tend to agree with you that Philips doesn't have a name like GE, but Philips also owns Magnavox - a label which does in fact have name recognition in the US as a consumer products company.

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