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


To: BWAC who wrote (6503)5/29/1999 12:26:00 PM
From: Ram Seetharaman  Respond to of 6565
 
GO MY MESSAGE # 6443-

Message 9499307

ON 5-11-99 THEY HAD ONLY 5 % OR 2.37 MILION SHARES. ASSUMING WITHIN THE 14 TRADING DAYS BETWEEN 5-11 AND 5-28, THEY BOUGHT ALL THE TRADED VOLUME (HIGHLY UNLIKELY!)- THAT IS 14 * 1200000(AVERAGE VOLUME)= 16.8 MILLION (APPROXIMATELY!) - WHICH IS ANOTHER 35 %. THAT IS A TOTAL OF 40 % (ACTUAL TRADING VOLUME IS MUCH LOWER THAN THIS FOR THE 14 DAYS! - BY GLANCING AT THE VOLUME CHARTS FOR THE 14 DAYS I NOTICE THAT IT IS NOT MORE THAN 5 MILLION FOR ALL THE 14 DAYS!). IF IT IS ONLY 5+2.37 = 7.37 MILLION ( @ 15 % ONLY !) THEY STILL WON'T OWN VLSI! IT TOOK THEM SEVERAL WEEKS TO OBTAIN THE FISRT 2.37 MILLION!
MY GUESS IS THEY PROBABLY OWN ABOUT 17 %, IF THEY HAVE BEEN BUYING AGGRESSIVELY! THEY WILL PROBABLY EXTEND THE TENDER OFFER! IF I AM WRONG, WE WILL FIND OUT JUNE 2, WON'T WE!



To: BWAC who wrote (6503)6/1/1999 2:32:00 PM
From: Linda Kaplan  Read Replies (3) | Respond to of 6565
 
With so much buying at 21 today, doesn't it either have to be Phillips buying because they don't have enough shares, or someone who thinks it will end up being higher than 21? I shouldn't think a normal person or an arb would buy at 21 today to sell at 21 shortly.

Linda