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: otter who wrote (6043)	3/29/1999 3:13:00 PM
From: Ram Seetharaman	Read Replies (1) of 6565

Otter, VLSI really did it this time with the order! Monday March 29, 1:41 pm Eastern Time VLSI wins $34mln contract from Samsung Electronics SAN JOSE, Calif., March 29 (Reuters) - Chipmaker VLSI Technology Inc. (Nasdaq:VLSI - news) said Monday it had won a $34 million contract from Samsung Electronics Co, its largest single order. The majority of the order for VLSI chipsets, to be used in Samsung's current and future generation of wireless telephones, is expected to be delivered in the third quarter of this year. Samsung Electronics is a flagship unit of the giant Korea-based Samsung Group . VLSI is currently fighting off a $777 million hostile takeover by Royal Philips Electronics . Earlier Monday, VLSI, which is looking for strategic alternatives, said it reached an agreement granting other parties access to nonpublic information concerning VSLI.

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