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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 (5806)	3/18/1999 8:46:00 PM
From: lifeisgood	Read Replies (3) \| Respond to of 6565

I hate to rain on everybody's parade but how does this news help VLSI? Please tell me why I shouldn't interpret recent BOD action as just another attempt to preserve their (and their CEO's) lucrative positions at the expense of shareholders. Obviously, I'm not as optimistic that turning up their nose at Phillips was a good thing. Did anyone really think that Stein would say, "Sure I'll give up all the power and control I have fought to maintain all of these years." No way in hell he would voluntarily relinquish control--at any price. In the absence of other interested bidders (and none have come forth yet) this stock is in big trouble.

To: Linda Kaplan who wrote (5806)	3/18/1999 8:56:00 PM
From: BWAC	Read Replies (1) \| Respond to of 6565

Linda, I would not exercise the options for stock. Roll them out if necessary. Close the 17.5's and move to the 20's if necessary. But I would not convert to stock because then you will assume a lot of risk for a potential falloff. I'd rather worry about losing 2 bucks of premium than worry over $18 3/4 of my capital doing another shrink job to $10. A disclosure: I have exchanged all my stock FOR options now. In return I have given back/up about 3/8 of the potential upside. But I like to be safe.

To: Linda Kaplan who wrote (5806)	3/18/1999 9:30:00 PM
From: otter	Read Replies (3) \| Respond to of 6565

I second BWAC's opinion... Kick the March options tomorrow with a limit sale and then - buy Aprils (or even Julys). If it were me, I would be doing the math tonight. If it were me, I would also be thinking about the timing tomorrow. I don't have a CLUE what is going to happen - gap up and continue rising or gap up and slide or..... this might be a factor if you think you might be able to sell the March options on a high and then pick up others on a down..... But then, what if you are wrong... Anyway, good luck tomorrow!!!!! Side comment. About a day after I bought the April 20s, I began to believe real hard that this thing has every chance of drawing out. July 20s were twice as expensive as April - but cheap enough that the risk reward ratio was still good for me. Seems to me that while there isn't a lot of time premium, the month to month price deltas; coupled with the ugliness of the spread makes me want to not consider repetitively rolling options if this drags out. All I would be doing would be giving the MM some of my hard earned gains. My very very humble opinion only. I'm not an expert.