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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Jock Hutchinson who wrote (17204)	2/26/1999 12:01:00 PM
From: BWAC	Read Replies (2) \| Respond to of 25814

Jock, Any chances that LSI might re-emerge as a VLSI bidder at say $20? As the rumor went back last year LSI was rumored to have made an offer to VLSI which got squashed by the CEO Stein of VLSI.

To: Jock Hutchinson who wrote (17204)	2/26/1999 12:29:00 PM
From: patrick tang	Respond to of 25814

$17 for VLSI is really $10 'cause VLSI has about $7 in cash. $10 means ~1.5X sales for a company with good business, customer and IPs. Perhaps people can see why I complained bitterly about the 4x sales for SeeQ. The only guy that I can see who has the 'bulk' to take LSI is IBM. I doubt that they will do that. LSI will have to stand on its own merits. A bid by LSI for VLSI at $20 for stock is good, 2X sales for (2X sales including 35% self paid for w/cash). Great synergy between LSI and VLSI. Except we've already wasted $100M in stock in SeeQ... If nothing else, bid up the price for Phillips. The Phillips bid won't stand, it's way too cheap. Steinman has to shop the company now, VLSI will go higher than that. patrick