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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 (5938)	3/23/1999 7:42:00 AM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 6565

Linda, my Dutch news source clearly states higher offer is coming! I am ecstatic. $ 25 soon! (Come to think of it that I was happy with $ 20 by end of 1999 and now we are shooting for $ 20+.) 3/23 04:57 VLSI <VLSI.O> INVITE PHILIPS <PHG.AS> REPRESENTATIVES TO BEGIN TALKS -- PHILIPS AMSTERDAM, March 23 (Reuters) - Philips Electronics NV said on Tuesday it had received a letter from U.S. chipmaker VLSI inviting the Dutch firm's representatives to begin talks with the U.S. firm's counterparts. The Dutch firm has launched a $17 per share bid for VLSI which the latter said last week was insufficient. "In response to your letter, we will look forward to working out a process of discussions with you concerning these matters. The most effective way to establish this process is to have your lawyers and/or investment bankers contact our counterparts," VLSI's Chief Executive Al Stein wrote in the letter to Arthur van der Poel, head of Philips Semiconductors. 03/23 02:31 PRESS DIGEST - Netherlands - March 23 AMSTERDAM, March 23 (Reuters) - Following are some of the main stories in Dutch newspapers today. Reuters has not verified these stories and does not vouch for their accuracy. For summary of the FINANCIAL TIMES, click on [PRESS/FT] For summary of the WALL STREET JOURNAL, click on [PRESS/WSJ] FINANCIEELE DAGBLAD - ABN Amro <AAH.AS> bank will only agree to the proposed takeover of Banca di Roma by Italy's biggest bank if its own plans for a strategic stake in Banca di Roma stays intact. (p1) - The government's proposal to limit tax relief on annuities will be ineffective in practice. (p1) - TNT Post Groep (TPG) <TP.AS><TP.N> is to focus on express post and logistic services in the coming years. (p1) - IT firm CSS <CSSN.AS> says it disagrees with the shareholders' lobby group VEB which claims CSS paid too much for taking over Computer Company. (p3) - Cable maker Twentsche Kabel <TWKNc.AS> is to focus on the telecom sector and special cables in the future. (p5) DE VOLKSKRANT - Traffic minister Tineke Netelenbos gives the rights to develop the high speed rail-link to the south to Dutch Rail NS. (p2) - Philips Electronics <PHG.AS> will send a delegation with a higher bid to U.S. chip producer VLSI <VLSI.O> next week. (p2) - Siebe Attema, founder director of Start, has to step down due to a conflict of confidence with the supervisory board of the temp agency. (p2) DE TELEGRAAF - Electricity prices will go down, says economic affairs minister Annemarie Jorritsma in reaction to fierce criticism from parliament and small business association MKB. (p1) - Bed manufacturer Dico <DICO.AS> slides into the red in 1998, and pays no dividend. (p27) - Technical wholesaler Landre & Merrem <LGLNc.AS> reports 19 pct higher 1998 results at Dfl 10.1 mln. (p25) TROUW - Smit Internationale <SMTNc.AS> orders four tugboats for its Rotterdam-based port services unit. (p7) ((Amsterdam newsroom, +31 20 504 5000, fax +31 20 540 5040, amsterdam.newsroom@reuters.com))