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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (26550)	9/7/2001 4:57:47 PM
From: thecalculator	Read Replies (2) of 30051

As of June 30th, the book value of STEM is just $10/share... Right, it doesn't include the as-yet-to-be-completed Fab2. Yes, that grant is a "gift", but it will be distributed on at least another 10 MM to possibly 20 MM shares, if you take the lower vale that is 30 MM shares or a gift of $10/share. What are you talking about?!?! Where did this idea come from?!?!? It's a grant, like INTC received when they built their Fab in Israel...and akin to the sweetheart deals that the Asian fabs get. The share counts I posted are after all shares are distibuted to the partners, in exchange for the partner's payments that will result in a $1.1 billion asset sitting on their property. Why are you making up some ridiculous story that 20 million to 30 million shares need to be issued to the IDF?!?! Did I miss that in their most recent 20F submitted to the SEC? BTW, you can get Tower's recent 20F from their website in the "Investor's Corner" section.

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