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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: Madharry who wrote (8332)9/5/2000 9:05:41 AM
From: DJBEINO   of 9582
 
ALSC should get some money back bacuase the antidumping duties were scraped:

From 10Q:

If the DOC found, based upon analysis of
the Company's sales during the Review Period, that antidumping duties either
should not be imposed or should be imposed at a lower rate than the Antidumping
Margin, the difference between the cash deposits made by the Company, and the
deposits that would have been made had the lower rate (or no rate, as the case
may be) been in effect, would be returned to the Company, plus interest

At July 1, 2000, the Company had posted a bond secured by a letter of credit in the
amount of approximately $1.7 million and made cash deposits in the amount of
$1.7 million relating to the Company's importation of Taiwan-manufactured SRAMs.
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