UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 1, 1999
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VLSI TECHNOLOGY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-11879 94-2597282
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1109 McKay Drive, San Jose, California 95131
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 434-3000
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Not applicable
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(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
See attached press release.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press Release dated February 26, 1999.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VLSI TECHNOLOGY, INC.
/s/ Thomas C. Tokos
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Thomas C. Tokos
Vice President, General Counsel and Secretary
Date: March 1, 1999
EXHIBIT 99.1
VLSI Technology Inc.
For immediate release
For Media Inquiries: Earle Speranza
Public Relations Manager
+1 408-922-5268
[email protected]
VLSI Technology Confirms Receipt of Unsolicited Proposal
San Jose, Calif., February 26, 1999 - VLSI Technology, Inc. (NASDAQ:
VLSI) today confirmed that it has received an unsolicited proposal from
Royal Philips Electronics to acquire all of VLSI's capital stock.
Alfred J. Stein, chairman and CEO of VLSI, stated that the Company and
the Board of Directors are in the process of evaluating the offer with
their financial and legal advisors. The Company will respond when the
appropriate review has been completed.
About VLSI Technology
VLSI Technology, Inc. designs and manufactures custom and semi-custom
integrated circuits for leading firms in the wireless communications,
networking, consumer digital entertainment and advanced computing
markets. VLSI's value proposition is based on full-service customer
support, deep libraries of vertical market-focused IC intellectual
property, unparalleled custom circuit design expertise enabled through
the VelocityT Rapid Silicon Prototyping design style, and one of the
world's most flexible and efficient custom circuit manufacturing
facilities in San Antonio, Texas. The Company is based in San Jose,
California with 1998 revenues from continuing operations of $547.8
million, and approximately 2,200 employees worldwide. For more
information, visit the VLSI homepage, www.vlsi.com.
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Velocity is a trademark of VLSI Technology, Inc. All other names and
marks are the property of their respective holders.
