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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Xpiderman who wrote (6416)	5/6/1999 5:19:00 AM
From: Linda Kaplan	Read Replies (1) \| Respond to of 6565

Hi, XY: You don't have to sell them before May 14th. It is Phillips who is buying up all the shares and that is why the price is so close to 21. It's close enough so that we can sell for 21-13/16 and get only 3/16th less than 21. For a small number of shares then most of us have figured we may as well sell them. When they accumulate millions of shares that way that 3/16th will be worth a lot of money to them! For us, the 3/16th is not worth that much money, even with several thousand shares. But you don't have to sell; they are simply tempting us to sell. I am not selling my leaps, for example, and they represent a lot of shares. When you get the notice you will have to decide about whether to tender them or not.If you tender, you get the full $21. If you don't tender and they win the company, you will still get the full $21, maybe a little later than if you tendered, maybe not. Unfortunately, PHG didn't offer as high a price as STM and we as stockholders got shafted by the BOD. As I understand it, PHG gave more benefits to the BOD than STM did and the BOD was operating in their own interests rather than ours. That difference in price would have made a lot of difference in money to a lot of us shareholders, so I'll boycott PHG and never buy a PHG product. But I don't think I can do much more than that, because they've been lapping up our shares like crazy on the open market ever since the deal was announced. If you have seen other takeovers, you'll see that usually the price vacillates a fair amount and never gets this close to the buyout price so quickly. It's just this close to the buyout price because PHG is buying up the shares. If you sell on the marketplace, hold out for 20-13/16. You will get that price. I got it for many shares, but in 100 share lots throughout the trading day! I'm still holding onto my leaps though, and they do represent a lot of shares. Linda