Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spartex who wrote (6435)	5/9/1999 6:57:00 PM
From: Linda Kaplan	Respond to of 6565

Headline: Philips Electronics (AMS:PHG) to buy Voice Control ====================================================================== NEW YORK, May 9 (Reuters) - Dutch electronics company Royal Philips Electronics NV said Sunday it agreed to buy U.S. speech technology company Voice Control Systems Inc. (NASDAQ:VCSI) for about $59 million in cash. Philips said the $4 per share offer -- a 25 percent premium on Friday's closing price on the Nasdaq -- will expand its Philips Speech Processing unit's offerings in speech recognition and related technologies. Under the terms of the deal, Philips plans to begin a cash tender offer for the Dallas-based company's shares on May 14 and follow with a cash merger to acquire any shares not previously tendered. The Amsterdam-based company said the cash tender offer is subject to Philips receiving at least a majority of the fully diluted shares of VCS in the tender offer and subject to customary regulatory approvals. Philips last week said it had reached a friendly agreement to buy computer chipmaker VLSI Technology (NASDAQ:VLSI) in a $1 billion transaction, marking the end of a hostile takeover attempt for that company. Copyright 1999, Reuters News Service