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

To: Kedels who wrote (5325)	2/27/1999 9:44:00 PM
From: ed	Respond to of 6565

You are absolutely wrong. If LSI worth $26, I do not understand why VLSI worth only $17, thinking about the balance sheet of both companies and product lines. Philips is just trying to take advantage and buy cheap. I would rather hold till the end of this year when stock hits $30+ than settle for this offer at $17 . My bet is , if this offer can go through , the final settled price will not be $17 , but $25+. And I see Philips wants VLSI communication product lines. If you look at the trading pattern of Friday, you will see : 15 millions shares changed hands, and the stock price was never lower than $15. This indicated that there are more people want the shares at the price of over $15. If people expect the deal will go through at $17, then the volume will not be so huge at $15+, because from $15 to $17, you profit margin is 13%. For 13% of profit, it did not worth the risk, because if the deal did not go through and no counter offer , the stock price may drop to $12. So someone knew something, and my bet is the final settled price will probably be over $25+. We will see a price war in the next one to two weeks. and $17 is just the starting offer.