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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Woody_Nickels who wrote (5338)	7/11/1999 8:24:00 PM
From: Woody_Nickels	Read Replies (2) of 9582

The 'undiscovered' BV has been here for a while. The analysts knew ALSC had a 15% share in USC, but no value could be assigned until it was bought or IPO'd. When UMC decided that ALSCs share of USC was worth 4Xs ALSCs original investment(in UMC stock), that's when the analyst's ears perked up. UMC would not have decided to buy out their partners in USC unless they thought the semi cycle was definitely turning UP. Capacity is getting tight and prices for chips are rising, making the buyout of USC worthwhile for UMC. We can only guess what ALSCs Chartered Semiconductor investment is worth, BUT at 4Xs it's another $200M or $5/sh. Chartered is NOT set for a buyout or IPO yet, AFAIK.

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