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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 (4046)	8/5/1998 7:36:00 AM
From: orkrious	Respond to of 6565

Kevin, RE>>I think the company could use a little spin control, and indeed to clarify their plans and expectations, but I've never had the impression that Beyer was a must-have visionary.>> Well put. Jay

To: Kevin Hay who wrote (4046)	8/5/1998 9:07:00 AM
From: Joseph E. Caiazzo	Respond to of 6565

Kevin: I have it on reliable authority that the true story is that while Stein was out of town LSI approached Beyer about a buyout. With corp. counsel's knowledge a tentative deal was struck at $28/share. When Stein got back he killed the deal by demanding outrageous terms...$40/sh and a very large golden parachute for himself...like $30 million. Now I'd like to know his true motivation for killing the deal. Was the $28 really inadequate for shareholders?... Or was it the lack of adequate compensation to Al Stein? Or is it a complete lack of vision about the problems facing the industry and vlsi in particular? BTW...Rick Beyer is very well respected in silcon Valley and is credited with EXECUTING the transformation of vlsi into a wireless company. True, the company knew where it wanted to go before his arrival, but many more wireless chips were developed on time and on budget under his management than prior to his arrival. And I think that the many recent design-ins and all of the forthcoming design-wins should properly be attributed to his leadership. JEC

To: Kevin Hay who wrote (4046)	8/5/1998 11:28:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 6565

Hi Kevin, If we look only at the price history since Mr. Beyer arrived, it's not evident that he did any good. He arrived just after the late '95 bashing of the semis. From a low near where we are right now, he stepped in. It's not hard to have the stock look like it rebounded because of his personal efforts when it was already fully discounted. If anything, the fundamentals of the company are stronger today than late '95. If anything, their potential business is greater than late '95. These things may or may not be attributable to Mr. B, but the point is that here we are with a $12+ stock that is in better shape than EVER no matter WHO is COO. Those who bought this stock with the hope of a buy-out are probably disappointed. Those who want long term capital appreciation have seen this company design and then follow a logical path of business diversification and expansion. Just because the psychological barometer of the NASDAQ doesn't appreciate (today) what they've done makes no difference. My personal opinion is that litigation dilutes management's time to accomplish their company's goals. Companies produce, Lawyers don't. I agree that poison pills are the chicken's way out, but why discuss such a thing when it's not even being discussed by the company, to any of our knowledge. Some doofus will read it here and think that management's already placed it in effect!!! Facts at hand are a bit slim here, let's hope what's left of management takes care of that quickly. Mr. B. might be a swell guy, but VLSI is a corporate entity, not an individual. Best regards, Tom