Quote.com News Item #9502599
Headline: VLSI Sets Record Date for Philips Consent Solicitation
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SAN JOSE, Calif., March 23 /PRNewswire/ -- VLSI Technology, Inc.
(NASDAQ:VLSI) today announced a record date of April 1, 1999 for the proposed
consent solicitation by Royal Philips Electronics related to Philips'
unsolicited cash tender offer for all of the outstanding shares of VLSI at
$17.00 per share.
As previously disclosed, VLSI has filed with the Securities and Exchange
Commission preliminary consent revocation materials opposing Philips' consent
solicitation of VLSI's stockholders.
VLSI Technology, Inc. designs and manufactures custom and semi-custom
integrated circuits for leading firms in the wireless communications,
networking, consumer digital entertainment and advanced computing markets.
The company is based in San Jose, Calif. with 1998 revenues from continuing
operations of $547.8 million, and approximately 2,200 employees worldwide.
Information related to VLSI Technology is available at VLSI's homepage,
vlsi.com.
SOURCE VLSI Technology, Inc.
-0- 03/23/99
/CONTACT: Analysts-Investors - Lisa Ewbank, Director, Investor Relations
of VLSI Technology, Inc., 408-474-5519; or Media - Todd Fogarty of Kekst and
Company, 212-521-4800, for VLSI Technology/
/Web site: vlsi.com |
