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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Linda Kaplan who wrote (5341)3/1/1999 1:31:00 PM
From: Ram Seetharaman  Read Replies (1) of 6565
 
BB Robertson Stephens analyst Dan Niles thinks VLSI will reject the $ 17 offer and bargain for more, maybe close to $ 20. Without the counter bid, that is about all they could hope for at this juncture
( a $ 19 maybe!) of the semi/chip cycle. Philips' cash offer is well timed at $ 17 and gives them several weeks to play the game with VLSI management, perhaps this whole year. As long as this game keeps the stock price above $ 15 it is fine by me. At $ 20 and above buyout, I will come out with enough to bid on a Lexus, and it will make it worthwhile for me to have held VLSI for the past few months. Philips may counter with $ 10 cash and $ 10 of Philips stock (their stock is probably a sleeper!). At $ 17 they are buying VLSI on the cheap and I hope it doesn't go through. Happy trading!
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