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

To: Esvida who wrote (5320)	2/26/1999 10:00:00 PM
From: zbyslaw owczarczyk	Respond to of 6565

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 26, 1999--VLSI Technology, Inc. (Nasdaq:VLSI - news) today confirmed that it has received an unsolicited proposal from Royal Philips Electronics to acquire all of VLSI's capital stock. Alfred J. Stein, chairman and CEO of VLSI, stated that the company and the Board of Directors are in the process of evaluating the offer with their financial and legal advisors. The company will respond when the appropriate review has been completed. About VLSI Technology VLSI Technology, Inc. designs and manufactures custom and semi-custom integrated circuits for leading firms in the wireless communications, networking, consumer digital entertainment and advanced computing markets. VLSI's value proposition is based on full-service customer support, deep libraries of vertical market-focused IC intellectual property, unparalleled custom circuit design expertise enabled through the Velocity(TM) Rapid Silicon Prototyping design style, and one of the world's most flexible and efficient custom circuit manufacturing facilities in San Antonio, Texas. The company is based in San Jose, Calif. with 1998 revenues from continuing operations of $547.8 million, and approximately 2,200 employees worldwide. For more information, visit the VLSI homepage, www.vlsi.com. Note to Editors: Velocity is a trademark of VLSI Technology, Inc. All other names and marks are the property of their respective holders. Contact: VLSI Technology, Inc. Earle Speranza, 408/922-5268 earle.speranza@sanjose.vlsi.com