Alliance Semiconductor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sun-tzu who wrote (5629)	7/29/1999 1:47:00 PM
From: Jerome Wittamer	Read Replies (1) of 9582

Guys, I know you know this old info but I thought it'd be interesting to give some evidence of the $21 a share valuation. Market cap of ALSC is 41.5M shares x $10.550 = $435M (353M yesterday at open) Value of UMC shareholding as of yesterday = [(247.7M shares+35.6M shares)* 63 NTD] / 32.26 (xchge rate)= $553M Book value of UMC: $94M Book value of Chartered Foundry : $56M Market value of shareholding in Broadcom: $60M Cash: $8M Other marketable securities:$xM Total value of above assets: $675M+ Market cap: $435M Difference: minimum $240M!!! Based on a mix of market and book value, we have a value of $16+ for ALSC. I guess you can call that a stock trading under book.. The best is that Alliance has semiconductor operations (no kidding) and, besides making DRAM and SRAM, makes very hot components for gigabit and terabit routers (have not yet hit the bottom line). I'll let you make the math for the operating earnings for 2000. Jerome

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next