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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Ram Seetharaman who wrote (5126)	6/23/1999 8:43:00 PM
From: Chi Pan	Read Replies (1) of 9582

also from yahoo board, this one sounds reasonable. >>The net income for the fourth quarter includes a net profit of $1.6 million, or $0.04 per share attributable to recognition of the Company's share of net income from United Semiconductor Corporation (USC), based on approximately 15.1% ownership and a loss of $0.7 million or $0.02 per share related to writing-off the remaining investment in Maverick Networks in recognition of the Company's share of their net loss.<< There will be no $0.02 loss from Maverick this qtr. and I think that the USC contribution will be much more than $0.04 this qtr. (in the march/98 qtr. USC's contribution was $0.17) and so ALSC should easily beat Street estimates of $0.04 Because of UMC & BRCM, ALSC is worth at least $15/share IMHO but it may take a few months to get there because most investors are really more interested in earnings.

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