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

To: Maui Jim who wrote (5446)	3/3/1999 9:56:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 6565

Jim, LSI reported today that demand is strong.It is matter of few months max. when we will hear the same from VLSI. Regards Zbyslaw

To: Maui Jim who wrote (5446)	3/3/1999 10:07:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 6565

Headline: VLSI Technology to Evaluate Merger Proposal From Philips - VLSI Board Meeting on March 23 to Review Evaluation of Proposal - ====================================================================== SAN JOSE, Calif., March 3 /PRNewswire/ -- VLSI Technology, Inc. (NASDAQ:VLSI) announced today that it will hold a special meeting of its Board of Directors on March 23, 1999 to consider the results of an evaluation conducted by its advisers of a merger proposal from Royal Philips Electronics. In response to the Philips proposal made late on February 25, 1999, VLSI has retained Morgan Stanley Dean Witter and Hambrecht & Quist LLC as its financial advisers, and Latham & Watkins and Richards, Layton & Finger as its legal counsel, to assist the Board in evaluating the proposal. The Company said that it expects to have no further comment until after the special Board meeting. "The entire Board of Directors recognizes the interests of the stockholders in a complete evaluation of the proposal," said Alfred J. Stein, chief executive officer of VLSI. "We are confident that Philips realizes that an appropriate evaluation of the proposal cannot be completed within the four business day timeframe set forth in its letter. The Board has an open mind concerning the proposal and will be reviewing the advisers' evaluation on March 23, 1999." 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. 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. SOURCE VLSI Technology, Inc. -0- 03/03/99 /CONTACT: Investors: Lisa Ewbank, Director, Investor Relations of VLSI Technology, 408-474-5519; or Media: Todd Fogarty of Kekst and Company, 212-521-4800/ /Web site: vlsi.com