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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Czechsinthemail who wrote (7671)	6/6/2000 10:43:00 PM
From: Ram Seetharaman	Read Replies (2) of 9582

The negativity in the market based on interest rate jitters is still not completely over, as we saw today - a nice market turned sour in the afternoon, due to statements from a "prick" in the San Francisco Fed. The major lesson from all this is - only those companies that show sales and earnings growth are going to weather the storm. Companies like XICO, PMTC etc. which make one small goof in earnings or warn ahead of time get bashed hard and swift and will recover only if they come back with good numbers. ALSC has been okay so far, and I hope they don't disappoint us. Stock has climbed to a good height now almost touching $ 30. The street.com article was good. But earnings momentum doesn't seem to be driving the market now - it might in July, as the earnings come out! Right now we have to cross the PPI hurdle on Friday and the CPI next week and finally the Fed. decision on 6-28-2000. If all goes well, then the Nasdaq can climb even a 1000 points more, as earnings come out bigger and better to add to this. It is an uphill battle, and even a small goof gets blown out of proportion due to this fear of higher rates!

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