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To: DanZ who wrote (40755)	6/18/2002 4:32:01 PM
From: Ron McKinnon	Respond to of 53068

now AMD and APPL issue real nasty warnings the party aint over yet

To: DanZ who wrote (40755)	6/18/2002 9:58:38 PM
From: BWAC	Read Replies (1) \| Respond to of 53068

VLSI. Man was I ticked that it went to Philips for cash and for far less than my $30 target. Still kinda mad to this day. Had 30,000ish shares with an average around $7. Plus about 100 cheap $10 strike calls that I bought entirely due to the cash position. Sunil Mehta I think was the CFO. I had a 30 minute conversation with him about cash on hand vs. stock price. Begged him to spend the cash and bring in some shares and get control of the company in solid stockholders. But, and I quote, "...not a time to play hero....." I flat out told him the company would be taken from them and the investors for a song if he didn't act. Amazingly he had no fear that competitors could see the value. I am positive they never ever saw it coming. And were in denial that shareholders wanted their head and would side with the hostile bidder. He thought the shareholders were quite happy? Sunil Mehta: Not a hero, darn near a zero. Had it been my company, we would have found out who was foolish enough to sell their shares for cash on hand. Then the few real investors would have quite a company. And PHG would have had a difficult time in the hostile buyout. PHG won, not because of the price they offered, but because my hero and the rest of management was timidly asleep in lala dream land. And doing so they lost the support of the shareholders.