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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 (4626)2/3/1999 1:52:00 PM
From: patrick tang  Read Replies (1) of 9582
 
My view of ALSC:

ALSC currently has no viable product direction but holds potentially good investments in other businesses. The break-up value is much better than the stock price. However, for the company to spin off the values to its share-holders or allow a take-off/break-up is not going to happen - the founding Reddy brothers hold too big an equity stake. As such, ALSC's stock pric reflects just a holding company (I won't give too much for either the SRAM and DRAM businesses). The stock price will always trade at a discount relative to its holdings.

patrick

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