Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ram Seetharaman who wrote (8088)	8/3/2000 6:10:23 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 9582

Ram, My guess is that the combination of MOT and KLIC news triggered the selling. Some were trying to extrapolate a peaking of the semi cycle from the KLIC announcement, though I think that is off the mark. The real problem, I think, is that are many short-term players in ALSC who are inclined to head for the exits on any whiff of potentially negative news. My guess is that today's action flushed out many of the weak hands. Another potential negative for ALSC has been the weakness of the Taiwan stock exchange. ALSC's substantial ownership of UMC makes that a big deal. However, UMC's business has remained very strong, and its stock has held up well in a generally weak Taiwan market. Eventually, both UMC and ALSC should get a boost when the IPO is announced for the UMC ADR's.