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

To: patrick tang who wrote (6471)	5/16/1999 12:08:00 PM
From: Linda Kaplan	Respond to of 6565

If you'd had bought the stock when you first looked, you'd have made quite a bit of money. If PHG is willing to buy at 21, they think they can make more money on it than that. And if STM was willing to buy at 22, then they expected to make more money on it than that, too. You have to figure they area all giving themselves some play to profit on the purchase. If the offer from PHG at 21 doesn't work out, I'd expect the marketplace will eventually take VLSI stock higher than the 21, even if some of the arbs let the stock go at a loss -- they were looking for the very fast 21. That was why the stock price dropped from 20-7/8 to 20-5/8 or so when PHG lengthened the time period. Some arbs got out rather than risk a longer wait or it not going through. Linda