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

To: onekema who wrote (5201)6/29/1999 9:59:00 PM
From: mark garner  Read Replies (1) | Respond to of 9582
 
if you read the thread, you will see that
the analyst that works for Needham and
made the recommendation just posted his
reasoning on the board. not that i agree,
but the explanation is here.



To: onekema who wrote (5201)6/30/1999 12:13:00 PM
From: Ram Seetharaman  Read Replies (1) | Respond to of 9582
 
IMHO they were shocked by a quick runup to $ 10 in two weeks. So they downgraded it to a buy. The recent upgrade shows a higher target price of $ 12.5 and a better outlook for ALSC and the chips/semi in general. Remember we are only in the "initial" stage of the industry recovery - lot can happen from here till the end of 2002!


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