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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 (6088)	4/2/1999 10:26:00 AM
From: otter	Read Replies (1) \| Respond to of 6565

Well, in order for the hostile takeover to succeed, they have to have voting control of 50% +1 of all outstanding shares, correct? They have less than 3%. I am NOT of the opinion that they will EVER receive voting control if they keep their current offer of $17 intact. That said, I suspect it is easier to amend the offer (e.g. with a higher price) than it is to end it and then re-initiate it - if, in fact a hostile takeover is still the plan. Keeping this active continues to keep pressure on VLSI - a good thing, I think. Another upside on this in my opinion is that we have an effective price floor of @$17 for two more weeks. (When is VLSI supposed to report earnings?) If disaster happens, this is good. If it doesn't and if the trading price continues to go up - as we hope, then its a relatively meaningless gesture from a share price perspective. My takeaway: Good... Certainly better than a complete withdrawal.