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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: DJBEINO who wrote (8543)9/24/2000 3:31:42 PM
From: Ken Muller  Read Replies (1) of 9582
 
DJBEINO:

<<lately ken, no offense, your talk is full of baloney...>>

OK, I'll accept your statement. Then, you believe the stock price will improve as soon as more analysts start covering it. Perhaps you are right.

I am from a different school. I believe stock performance is related management efforts to increase shareholder value. I believe that the memory operation is full of potential. What have we seen? Mr Reddy taking 10+ directorships on startup companies? Mr Reddy deciding not to payback even a penny of the below market interest on the loans the company has made to him? The company unable to fully utilize its capacity allocation at UMC when eveyone else is dying for extra wafer starts? The Reddys siphoning off 15% of all profits from the investment funds?

This gives you confidence? Why do you think there's not more analysts following this stock? They've been screwed before. How long do you think it will be before the Alliance Ventures starts paying the management firm a commission on the fund assets? Then will you decide enough is enough?

I am long this stock and continue to sell covered calls. Its the only way to make money with these guys.

You a good man, DJBEINO, but the Reddys aren't worth your unrelenting support.
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