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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Linda Kaplan who wrote (5494)3/4/1999 2:57:00 PM
From: DanZ  Read Replies (1) of 6565
 
If the market price remains above 17, then nobody will tender their shares to Philips at 17. Either Philips will have to increase their offer to at least the market price or another bidder will have to surface. If one of those two things doesn't happen soon, or if the market discounts that one of those things won't happen, I'm afraid the stock has downside risk to 17. The floor should be 17, however. There's no reason for it to trade below that unless Philips pulls their bid. The market is obviously expecting a higher bid, either from Philips or somebody else.
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