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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: kech who wrote (206)	3/29/1998 9:24:00 PM
From: Craig Kaltner	Respond to of 615

The rumor of an acquisition by Sony is for a comapny called LSI. This is from the Upside website(www.upside.com) . "Rumor Inc. What? LSI Logic gaining 2 1/4 (almost 10 percent!) to 25 13/16? On no news? Well, wait a minute there are some token chat-room rumors. Some investors on Friday were saying on Yahoo Finance's chat room that CEO and founder Wilfred Corrigan is considering retirement and selling his beloved Milpitas, Calif. company to Sony (a major LSI customer)"

To: kech who wrote (206)	3/29/1998 9:24:00 PM
From: Daniel Fisher	Respond to of 615

Doubting Thomas- SNE has a market cap of $33 Billion. They can afford $3 Billion plus for GIC or a $4.1 Billion charge for Columbia Pictures. The only proof, of course will be the deal; however Columbia Pictures has nothing to do with this. Companies make bad acquisitions all the time- but that doesn't mean they will never make another. Jack Welsh made a mistake when he bought (and sold) Kidder- does that mean GE will never buy another company?