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

To: zbyslaw owczarczyk who wrote (5508)3/4/1999 6:15:00 PM
From: Maui Jim  Respond to of 6565
 
"VLSI shareholders filed suit in a Delaware court today asking company directors to consider the original Philips bid and look for higher offers. VLSI investor Michael Bernstein said the shares are worth more than $17 apiece."

This is real interesting, saw it posted earlier on Yahoo, which has been slow all day. SI is working great as usual. Jim



To: zbyslaw owczarczyk who wrote (5508)3/5/1999 6:53:00 AM
From: Ram Seetharaman  Read Replies (1) | Respond to of 6565
 
''The acquisition would be good for Philips -- the price therefore is not really relevant,'' said Oscar Poos, an analyst at Bank Insinger de Beaufort.

Then why not pay $ 30 if price is not relevant?

It is all about price. Philips thought they could "bear hug" VLSI into a cheap $ 17 offer. It is not working. I hope they lose and pay twice that!


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