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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: sun-tzu who wrote (5669)8/1/1999 5:05:00 PM
From: Ram Seetharaman  Read Replies (1) of 9582
 
Sun, You seem to talk as if ALSC has investments in unrelated pork bellies and they are not established in the chip business. The $ 1.27 earnings last quarter came from investments in the "semi/Chip" business only! It is the fact that "they are established in that business and know the good and bad side of the business" helps them make shrewd investment decisions in the very field of Chip/Semis.
I hope the $ 7 million they hope to invest in a new "startup" venture takes off like Maverick Networks. Then they will have no problem in borrowing money in the Silicon Valley or Wall Street, since they will be known as a company that invests money wisely. If not this year at least next year they will for sure see a $ 21 stock price!
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