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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: otter who wrote (6008)3/27/1999 8:11:00 PM
From: Ram Seetharaman  Read Replies (1) of 6565
 
Otter, I don't think Philips and VLSI are trying to "fix" the price around $ 20! Philips couldn't get VLSI for $ 17. So there will be a higher price for sure! But VLSI is perfectly capable of rejecting even a $ 25 offer! So rather than play the "hostile game" Philips is trying be friendly now and VLSI management has given a okay to Philips by letting Philips look at some confidential information. This means that Philips is the most likely suitor for a merger, joint business operator or a partner whichever pans out! VLSI would rather deal with Philips than LSI or STM for some strategic reasons or just to keep Stien and gang in control! All this means is that the stock price won't tank if the $ 17 offer expires on April 1, 1999. It would be very wise for VLSI and Philips to accept an offer price of $ 25 or better and close this out quickly and move on to bigger and better things. If the confidential information revealed by VLSI is "fantastic" and it makes business sense to Philips for increased future profits, it should respond with a $ 25+ offer, since the VLSI stock will go there anyway by year end. If Philips haggles and puts in only a $ 20 offer and puts down a deadline like May 1 and says no more offers, that will be a sign that they don't see much potential in a VLSI acquisition. IMHO, Philips buying VLSI should add some spice and stability to the future of VLSI, which has been a dog for years. Philips is well networked in Europe and Asia and could use some good design technology if VLSI can offer such! The only lesson Philips learned so far is that they couldn't buy even a dog like VLSI on the cheap!
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