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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (9786)	1/28/2000 9:38:00 PM
From: Madharry	Respond to of 78476

There is a big difference between NTOP which has no profits and may or may not be around in five years and UMC which is the second largest semi foundry in the world. I do not believe that UMC value is inflated now and that when the lock-up period ends on ALSC shares it will have much of an impact. There is a likelihood that the value of UMC will increase over time as the Asia economies continue to improve and the need for semiconductors grow. You are right however -buying into ALSC is like buying into a closed end fund at a huge discount and if the operating unit turns around or the venture capital investments take off its a bonus. Now I also think that IDTC is a value play but not nearly as safe a one as ALSC.