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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (7565)	6/23/1999 3:02:00 PM
From: Madharry	Respond to of 78638

I have owned ALSC from about 3 3/16. I believed I mentioned it at that time on the thread. I took some profits at 6 1/16. If you take the time to read the news relating to ALSC, and the thread , you will find that many positive developments have taken place since it was at those low levels- 1. The company has many investments in private companies that were not reflected in its share price: a/ Broadcom a public high flyer purchased one of those company's for stock worth around $60MM to ALSC. b/ UMC a taiwanese foundry has announced that it will merge four privately held companies into it in exchange for stock worth over $500MM to ALSC at today's value. ( I have not verified, simply going by a news release). c/ I have read that ALSC actual business is improving and several new products have merit. It appears to me that the intrinsic worth of ALSC continues to be significantly higher than its market cap and if you are interested in the high tech small cap area this type of company is worth doing dilligence despite the sharp rise in its share value. I am not as familiar with SIII and TRID. But I purchased TRID recently at $9.5 based on a good sized cash position and the recommendation of Al FRank of the prudent speculator, whose opinion I value and who also likes ALSC. I have also recently purchased MALL at $6.5, which is up strongly today based on a report filed with the SEC that indicated book value is around $6.50 per share, though some of that is from a recently spun off subsidiary UBID.