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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 (6092)	4/2/1999 10:42:00 PM
From: patrick tang	Read Replies (2) \| Respond to of 6565

It will be really funny by the time all this ends and the company stays as is - tons of money change hands but the real winners are the investment bankers and lawyers. patrick

To: Linda Kaplan who wrote (6092)	4/3/1999 10:11:00 AM
From: otter	Respond to of 6565

IF (big if) it were to be known that all other suitors/bidders/merger partners and other interested parties had walked away and IF the company's quarterly earnings were known to be down the tubes and IF (well you know), then it just might be that the price of VLSI would tank... and IF that were to happen, THEN $17 might seem to be attractive. That isn't very likely in my opinion. As far as supply/demand is concerned, there are at least two M&A firms who have each locked up a sizeable amount of stock - figure 5% each or so, right? PHG has another 3%. A bunch is locked up in options extending out until July. April options activity will kick up soon, but I think that what we will see is a lot rolling out into July - which keeps shares locked up. Big Al has what Big Al has, and he can't afford the political fallout of selling it at this specific juncture. Add sector upgrades, LSI upgrade last week, etc. Add the recent product announcements, the relatively tight trading range, and so on, and I think that the odds of this puppy falling materially is close to zero unless there is a large macro event we can't forsee. Don't forget PHG really can't up their offer until they see some of the cards held in others' hands. UNLESS they are going to try a takeout bid. The problem for them in my opinion is that every day that passes is going to tend to up the takeout price of this puppy. ohboy-oy-oh..