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

To: AJ Berger who wrote (5259)	7/6/1999 12:59:00 AM
From: DJBEINO	Respond to of 9582

UMC 2303 closed @67.50 - 0.50 vol 69,572,467 2nd most active, still low volume

To: AJ Berger who wrote (5259)	7/6/1999 3:35:00 AM
From: Madharry	Read Replies (2) \| Respond to of 9582

There are 41.6MM shares of ALSC. Taiwan transaction adds about $500MM to book at todays prices. Prior book per yahoo was $4.62 I believe. So before allowing for deferred taxes you are looking at a new book of around $17 (500/41.6 + 4.62)without taking into account Broadcom shares. This of course does not take into account value of new products and upturn in industry. Now I wonder if the company could distribute the UMCC shares to ALSC stockholders on a tax free basis after the lockout expires?