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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: Norrin Radd who wrote (2158)	12/17/1997 7:43:00 PM
From: MoonBrother	Read Replies (1) of 9582

Looks like ALSC is finally ready to go up from here. I feel that today is the turning point for ALSC short term. We finished above $5 again with relatively healthy volume. ALSC sustained the late round selling pressure caused by the weaker tech market in general. Tomorrow ALSC should test $5-1/2 again with volume. If we could overcome the profit taking pressure at that level, ALSC will quickly go back to $6 - $7 range. With Dec/Jan effect, ALSC's worst might have been over. I talked to IR Janine Zanelle this afternoon. She said the company is in the quiet period. The qtrly report will be released on Jan. 14, 1998. She welcomes anyone to call her after the release. As I recall, last time when I talked with her, she mentioned that march qtr bookings are very strong, plus the fact that USC IPO will start to move into spotlight after new year, ALSC might be at the worst it can get right now. From now on, it should start going upward? The only concern is still the price pressure of DRAM, SRAM and Flash memory. Hopefully, the down turn will stop soon. Good luck everyone! MB

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