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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 (6357)	5/3/1999 7:02:00 AM
From: Linda Kaplan	Respond to of 6565

Subject: Shares in Philips (AMS:PHG) rise on VLSI deal Date: Mon, 3 May 1999 02:09:37 -0700 (PDT) From: staff@news-197.quote.com To: quotecom-users@news-197.quote.com News Alert from Reuters via Quote.com Topic: (NASDAQ:VLSI) VLSI Technology, Quote.com News Item #9965699 Headline: Shares in Philips (AMS:PHG) rise on VLSI deal ====================================================================== AMSTERDAM, May 3 (Reuters) - Shares in Dutch electronics company Royal Philips Electronics NV rose on Monday following news the company had sealed the friendly takeover of United States computer chipmaker VLSI Technology Inc (NASDAQ:VLSI). Philips rallied 1.47 percent to 82.70 euros mid-morning after news of the offer which valued VLSI at $21 per share. It last traded at $18-7/8 in the U.S. on Friday and while most traders saw the deal as good for Philips some were less sure. "Philips had its eye on the company for a while and is willing to pay this price...I guess it must be worth it," one dealer said. 20 504 5040, amsterdam.newsroom@reuters.com)) Copyright 1999, Reuters News Service