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

To: DJBEINO who wrote (7657)	6/5/2000 11:33:00 AM
From: AJ Berger	Read Replies (1) \| Respond to of 9582

The last time ALSC was at $47 we were in a whole different World. the stock had actually just split after running from a presplit price under $30 to over $80, and the market was Unrealistically bullish on pure SRAM/DRAM plays like ALSC and ISSI simply because Windows'95 was being released, and the expectation for Memory demand soared at a time when Memory profits were high, as chips were being sold for over $15 per MegaByte. When reality set in, as Windows'95 adaptation went slow, and it was found to run just fine on 16-32mb or RAM; almost ALL Semi's that were played up subsequently CRASHED including Alliance. The point I'm trying to make is the lifetime price of this stock has NO relevance to the current price movement. What ALSC is today, is a company with an after tax cash value of nearly $25 per share. It's operational success is more dependant on the overall demand in the SemiConductor market, not on ALSC own production feats or designs. As long as Demand/Prices for Semi's increase, so will ALSC, with a low 20's "secure" base due to it's Cash Value. We are also benefitting from the "return" of value investing, and common sense especially from the institutional buyers. But you can be sure that as soon as the more speculative plays start heating up, ALSC will lose it's following especially if it's already trading above that mid'20's "cash" value. Just one man's opinion...