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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Hay who wrote (3906)7/22/1998 3:55:00 PM
From: Maui Jim  Read Replies (1) | Respond to of 6565
 
Hi Kevin, Per your request:

VLSI Technology Shares Jump On Takeover Speculation

Dow Jones Online News, Monday, June 22, 1998 at 19:04

PALO ALTO, Calif., -(Dow Jones)- VLSI Technology Inc. shares were up sharply Monday on speculation the chip maker could be a candidate for a takeover.

The San Jose, Calif., company's stock (VLSI) finished up $2.75, or 16.9%, at $19.063, though analysts and investors said the speculation in the financial markets didn't focus on a possible acquirer. Rather, it was general, identifying VLSI as a company ripe for a purchase because of its weak financial performance and low stock price.

Nasdaq volume was heavy at 5.3 million shares, compared with average daily volume of 1.1 million.

-By Mark Boslet; 650 496-1366