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

To: Linda Kaplan who wrote (5494)	3/4/1999 2:55:00 PM
From: otter	Read Replies (1) \| Respond to of 6565

VLSI is trading at 18 1/2 right now, and unless there is some disasterous news (REALLY disasterous), I can't see how there is going to be any hostile takeover with 17 points as the offer price. Seems instead to me that if Philips is going to be successful at this, the premium needs to be attractively greater than what it is now - because if it isn't, then all it would do is invite competition..... Your 24... Somebody else's..... (If you really did see 24 would you take a hike or stick around? Interesting question, I think)...

To: Linda Kaplan who wrote (5494)	3/4/1999 2:57:00 PM
From: DanZ	Read Replies (1) \| Respond to of 6565

If the market price remains above 17, then nobody will tender their shares to Philips at 17. Either Philips will have to increase their offer to at least the market price or another bidder will have to surface. If one of those two things doesn't happen soon, or if the market discounts that one of those things won't happen, I'm afraid the stock has downside risk to 17. The floor should be 17, however. There's no reason for it to trade below that unless Philips pulls their bid. The market is obviously expecting a higher bid, either from Philips or somebody else.