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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?


To: Woody_Nickels who wrote (5071)6/19/1999 2:18:00 PM
From: JAG  Read Replies (1) | Respond to of 9582
 
you guys forgot all about Trident (TRID).

Cash Per Share $3.
No debt
Current Book value $7.50
Current Stock Price $9 7/16

Al Frank on Tuesday confirmed with Trident that their UICC $50 million investment is going to be worth $200 million in UMC stock. As a double check, I confirmed this same information with Trident on Friday.

This $150 million increase in value over the $50 million carrying cost, will add $11 (pretax) to net worth, bring total net worth to $18 (pretax).

No analyst currently covers Trident. I look for some type of coverage soon based upon my conversatins with Trident.