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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 (6519)	6/2/1999 5:15:00 AM
From: dr_elis	Read Replies (2) \| Respond to of 6565

I missed the closing date for the tender offer by mistake and I'm now sitting on my VLSI shares. PHG has now more than 90% of stocks and has announced that they are going to acquire the remaining ones as well. Do I wait for a better price? What happens if I don't sell? Michael

To: Linda Kaplan who wrote (6519)	6/2/1999 5:35:00 AM
From: Linda Kaplan	Respond to of 6565

Headline: Philips (AMS:PHG) closes VLSI tender with 91.5 pct ====================================================================== AMSTERDAM, June 2 (Reuters) - Philips Electronics NV said on Wednesday it had closed its tender offer for semiconductor firm VLSI Inc (NASDAQ:VLSI) and now owned 91.5 percent of the California-based company. "Philips will acquire the remaining shares of VLSI pursuant to a merger of (Philips' subsidiary) KPE Acquisition with and into VLSI, and VLSI will thereby become an indirect wholly owned subsidiary of Philips," the Dutch group said in a statement. Philips announced its upgraded $21.00 per share cash tender offer at the start of May. The $1 billion deal was then accepted by the board of VLSI. amsterdam.newsroom@reuters.com)) Copyright 1999, Reuters News Service