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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 (7387)	4/28/2000 11:03:00 AM
From: Czechsinthemail	Read Replies (2) of 9582

Lowering the earnings estimate for FY01 deflates Needham's Strong Buy upgrade a bit. It seems to have triggered some selling this morning. Long term, it won't matter except to make it easier for the company to report blowout earnings that exceed the consensus by a larger number. And it will be easier for Needham to reiterate a Strong Buy while ratcheting up the numbers. I guess if the Reddy's are ever hard up for cash, they could spin off BRCM, VTSS, or CHRT shares. Otherwise, they can jump in and buy some ALSC shares. The advantage in owning shares that are below book value is that share buybacks can really amplify the per share values.

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