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   Technology StocksVLSI Technology - Waiting for good news from NASDAQ !!!


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To: Ram Seetharaman who wrote (6526)6/2/1999 8:00:00 PM
From: Linda Kaplan
   of 6565
 
I've still got my VLSI leaps. I'll probably die with them. --Linda

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To: dr_elis who wrote (6520)6/2/1999 11:09:00 PM
From: schlep
   of 6565
 
you can either sell in the open market as vlsi is still trading, or wait for the fraction of a dollar difference and one day $21 cash will appear in your account instead of the vlsi shares as Philips gets around to it.

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To: Linda Kaplan who wrote (6527)6/2/1999 11:16:00 PM
From: schlep
   of 6565
 
Hey Linda,
i own some july 20 calls. when do you think Philips will pay out on the calls? do you think it will be done at the same time they pay for the un-tendered shares?

I guess i could call them away and then sell shares for $21 too. I have to find out the trasaction costs. have you thought about doing anything similar?

schlep

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To: schlep who wrote (6529)6/3/1999 6:29:00 AM
From: Linda Kaplan
   of 6565
 
I don't know when they will pay out on the calls, but at least you won't have to wait longer than mid-July, for sure. I'd have to wait much longer. Yes, I've thought of doing the same thing but I don't have the funds to do it.

Linda

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To: Linda Kaplan who wrote (6530)6/3/1999 9:06:00 AM
From: BWAC
   of 6565
 
Linda,

Call your broker. They "should" let you exercise the calls and then simultaneously sell the VLSI stock at market. Regardless of your account funds. At least mine does. Or did. But they are idiots anyway. So they could have been very wrong, but too stupid to know it.

And the way I figure it, exercising the calls is free, then a cheap commission for sell of the stock. Sure beats a high option trade commission to close the position.

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To: BWAC who wrote (6531)6/3/1999 10:13:00 AM
From: Linda Kaplan
   of 6565
 
I'll ask them. I do have the money to do ten at a time, but that's agonizing. Who'se your broker? --Linda

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To: BWAC who wrote (6531)6/3/1999 10:30:00 AM
From: Linda Kaplan
   of 6565
 
Looks like you're right. They're letting me exercise. I'll have the shares tomorrow and will place the sell order tonight. Whew. Scary. Lots of money in that thar trade when you're exercising. hehe If I had to pay up I'd be dead.

Linda

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To: BWAC who wrote (6531)6/3/1999 12:54:00 PM
From: Linda Kaplan
   of 6565
 
Headline: Philips (AMS:PHG) unexcited by Internet stock "hype"

======================================================================
AMSTERDAM, June 3 (Reuters) - Philips Electronics President
Cor Boonstra said on Thursday his company would not become
caught up in the craze for Internet stocks and was unlikely to
buy a company in the sector until the situation stabilised.
Describing as "nuts" some of the market capitalisation to
sales ratios seen in the market, Boonstra said Philips'
shareholder value would not gain from buying such a company now.
However, he did not rule out a move into the sector at a
later date.
"I think things will normalise. At the end of the day, hype
will be replaced by real value," he told a press briefing.
"We are a company with a constant flow of products and we
have to make our money from those products," he added.
Philips has set aside over $3 billion of its cash pile,
principally for semiconductor firm VLSI (NASDAQ:VLSI) and a 50
percent stake in the LCD unit of LG Electronics (KOREA:02610).
Boonstra hinted a boost to its Medical Systems division may
be next.
Philips has also allocated 700-800 million guilders
($329.9-$377 million) to a hi-tech campus in Eindhoven and plans
to build a similar centre in California's Palo Alto for up to
1,500 people and a smaller campus in Singapore.
fax +31 20 504 5040, amsterdam.newsroom@reuters.com))
($1=2.122 Guilder)

Copyright 1999, Reuters News Service

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To: Linda Kaplan who wrote (6534)6/3/1999 1:04:00 PM
From: Esvida
   of 6565
 
I'm beginning to like Philips even though I sold all my shares yesterday. I'm happy for vlsi employees. It looks like Philips has big plans for them. Perhaps, I will park some of the cash from vlsi with PHG.

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To: Esvida who wrote (6535)6/3/1999 1:11:00 PM
From: BWAC
   of 6565
 
Yeah and the best thing about Philips, is no Stein in charge!

Is it safe to give him the finger yet?

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