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


To: Chi Pan who wrote (5331)7/11/1999 7:10:00 AM
From: DJBEINO  Respond to of 9582
 
Taiwan United Micro (UMC) June sales up 95 pct



To: Chi Pan who wrote (5331)7/11/1999 12:49:00 PM
From: Woody_Nickels  Read Replies (1) | Respond to of 9582
 
Chi Pan, I think $1 earnings are possible for ALSC. Current estimate
for next year is about $.70 . If Asia recovery is strong then $1 is
possible. I question the P/E of 50, but even that is possible.
At P/E of 50, my calculation yields
$20 BV + $35 (for $.70 earnings) = $55/sh.
I will be happy with $25-35 in 1999.
Next year is too far away. Just 3 months ago ALSC was at $3 and NO
ONE wanted any!