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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Alski who wrote (7438)	5/6/2000 12:55:00 PM
From: Czechsinthemail	Read Replies (1) of 9582

Whilst you're studying ALSC don't forget the tax liability for all those "off balance sheet" assets. Since they've been written off, the taxable gain will be 100% of any sales price; their basis is now $0. Tax might be, I dunno, 41%? Which "off balance sheet" assets were you referring to? My understanding is that ALSC already established tax reserves for gains on their "big" assets like UMC. That is the rationale for the extraordinary gains recently reported on UMC. For these, future taxes will depend on the net gain (or loss) from the tax basis established for the acquisition. I believe for UMC they have a cost basis around ND$107 and I suppose the actual tax basis is the US$ equivalent value of those shares.

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