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

To: Ken Muller who wrote (5636)	7/29/1999 5:05:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

reminder.... UMC to hold EGM July 30 on merger TAIPEI (AFX-ASIA) - United Microelectronics Corp said it will hold an EGM July 30 to discuss the planned merger with its four wafer foundry units. United Semiconductor Corp, one of the units, will also hold an EGM on the same date. Message 10136086

To: Ken Muller who wrote (5636)	7/29/1999 6:40:00 PM
From: sun-tzu	Read Replies (1) \| Respond to of 9582

An amazing day for a stock that was all but dead and buried. I look forward to another month of posts that carefully calculate the book value of ALSC. In addition, maybe we can get another spin on the same UMC/BRCM/Chartered news in about a month or so. That way, we can start some more wishful thinking about next quarters' earnings before the stock drops back down to 7 1/2 again. I must point out that any institutional activity that was present today represented selling from retail buyers activity. Check Thompson IWatch to confirm this fact. Smart money realizes that national television created this aberration. View FSTW chart if you want to see what happens to a stock after CNBC pumps it. Bottom line: this company has a poor core business, terrible earnings in the hottest sector, and a management team that is incapable of even simple decisions. I'm going to start trading because clearly, solid due dilligence means nothing in this market.