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To: Czechsinthemail who wrote (18034)	5/7/2000 4:01:00 AM
From: Dale Baker	Read Replies (1) of 118717

This is an interesting debate on ALSC. BT works around the chip business himself so don't be too quick to think he doesn't understand the dynamics at work. In my experience, if a company's investment holdings are well known and the market won't give them "fair value" now, they probably never will. A 30-50% discount is typical. No opinion or position in ALSC myself unless it breaks out to the upside.

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