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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: patrick tang who wrote (4664)2/9/1999 3:33:00 PM
From: Ken Muller   of 9582
 
Patrick:

<<ALSC is running out of cash and is selling off assets to pay bills.>>

With the forthcoming sale of their interest in Maverick to Broadcom, ALSC will have plenty of stock (250K+ shares of Broadcom) to handle cash flow requirements.

In addition, as they sell off part of that stock holding each quarter, they will show a profit on the sale. That will probably wipe out any losses associated with quarterly operations.

ALSC has now turned profitable. Amazing!
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