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To: Ram Seetharaman who wrote (5474)	7/23/1999 10:20:00 AM
From: Charles R	Respond to of 9582

Ram, <It will settle eventually, maybe even by this afternoon! > I like your optimism. But, the way the last quarter have been handled so far makes me think that stockholders will be better served by the company being bought out by someone. I was expecting the discount to the book value to decrease because of the strong semi cycle and am unpleasantly surprised by the increase in the discount. UMC can buy this puppy back and retire its shares and even if they dump the rest of the business they will come out ahead. A buy out from CY, IDTI, or any player in the memory biz for that matter would do the stockholders a world of good. Rodgers is very value oriented - I wouldn't be surprised if he is looking at ALSC. Chuck

To: Ram Seetharaman who wrote (5474)	7/23/1999 10:22:00 AM
From: AJ Berger	Read Replies (2) \| Respond to of 9582

I doubled up at $8 only way I can get my money back is to hope institutions will pick up on the portfolio value of this mismanaged company, and buy in. with 10mil in back orders, and 15mil in A/P, next quarter will be the same mess, so all we can hope for is more portfolio cash.

To: Ram Seetharaman who wrote (5474)	7/23/1999 10:47:00 AM
From: Peace	Read Replies (2) \| Respond to of 9582

Ram, I will probably buy some more at these levels. I don't like the management, however, I keep getting attracted by the valuation. They should strongly consider selling all or part of their BRCM stake and institute a substantial share buyback program. At the current valuation the best investment for the company is to buy back their own shares.

To: Ram Seetharaman who wrote (5474)	7/23/1999 12:11:00 PM
From: PawPr	Read Replies (1) \| Respond to of 9582

Absolutely, if not then certainly in a few days. Some of these guys dumping need a cold shower. The volume is relatively light, even with today's drop the stock is just barely down to its 50 day MA and still way above its 200 day MA, and the semi cycle is just starting to turn. Expectations were running too high for the last quarter and the stock went up too far, too fast. If your time horizon is greater than the next five minutes, this is a great buying opportunity.