These Moron's actually LOST money this quarter!
Wall Street WON'T care what they claim they can
do in coming quarters, if they can't delivar in
the hottest quarters for the industry. SRAM/DRAM
prices fluctuate quickly, and by the time ALSC
get's it's act together, the market could be flooded!
(more comments below)
SAN JOSE, Calif., July 22 (Reuters) -
ALLIANCE SEMICONDUCTOR CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Three Months Ended
June 30,
1999 1998
Net revenues
$ 17,711 $ 10,150
Cost of revenues
12,470 27,491
Gross profit
(loss) 5,241 (17,341)
Operating expenses:
Research and development
3,206 4,216
Selling, general and administrative
2,745 4,011
Total operating expenses
5,951 8,227
Loss from operations
(710) (25,568)
================================================================
HERE IT ENDS, the REST LOST: $710,000
will not be considered ==============
as part of Income at all. ==============
by analysts and will simply ==============
add another buck to Book Value.
So now we own a $6 book valued
stock that's LOSING money in
the most prosperous quarter
it's industry has seen in YEARS.
proud of your investment here?
I THINK NOT! I suppose when
they fnck up next quarter, they'll
just sell more stock in their $15
per share portfolio to comphensate?
Tell you what, I vote they close
their doors, fire everyone, and
cash in their portfolio so we can
get our $20. With these fools run-
ning the show, ALSC will probably
never get up there otherwise.
===============================
Gain on marketable securities
51,606 --
Other income, net
121 15,740
Income (loss) before income taxes
and equity in income of USC 51,017 (9,828)
Expense (benefit) for income taxes
(819) 8,397
Income (loss) before equity in
income of USC 51,836 (18,225)
Equity in income of USC
1,532 3,546
Net income
(loss) 53,368 ( 14,679)
Net income (loss) per share:
Basic 1.28 ( 0.36)
Diluted 1.27 ( 0.36)
Weighted average number of
common shares:
Basic 41,608 40,963
Diluted 42,149 40,963 |
