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

To: Peter H. Mack who wrote (8352)	9/6/2000 1:45:49 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 9582

pete, I think cuts in Intel's CPU prices waters down the argument of serious CPU shortages. The good news in falling CPU prices and a shift toward beefier chips is that both are likely to encourage systems with more memory. Though ALSC is getting taken down with MU and other chip companies, I think djbeino is correct that ALSC is operating in a different segment of the market. It is particularly attractive as an all-weather semi investment. Buying whenever it drops below book value seems pretty safe. Message 14336424

To: Peter H. Mack who wrote (8352)	9/7/2000 9:03:37 AM
From: DJBEINO	Respond to of 9582

ALSC backs Q2 views --2:25 pm - By Michael Baron Alliance Semiconductor (ALSC: news, msgs) spokesman David Eichler spoke out in defense of the Santa Clara, Calif., chip firm Wednesday as its stock fell almost 10 percent in afternoon trading [see 2:11 pm item]. "The selling appears to be sector-related but we aren't seeing a slowdown in demand for any of our products," said Eichler. "We remain comfortable with analyst estimates for the second quarter." The consensus estimate of the two analysts polled by First Call put Alliance's second-quarter profit at 17 cents a share. ++++++++++++++++++= ALSC dips 10.9 percent --2:11 pm - By Michael Baron Alliance Semiconductor (ALSC: news, msgs) is losing $2.69, or 10.9 percent, to $21.88. Dan Scovel, an analyst with Needham & Co., attributed the move to weakness in the chip sector spurred by recent downgrades of Micron Technology (MU: news, msgs) and Intel Corp. (INTC: news, msgs). "I'm looking at my screens and it's completely red, only about 10 of the 100 or so chip companies I monitor are positive," said Scovel, who has a "strong buy" rating on Alliance with a 12-month price target of $37. "So I think it's safe to say this is sector-related." Scovel said Alliance's move is in line with its trading history. "This is a smaller company and its stock tends to more volatile than others in the sector," he added. Scovel called the weakness in both Alliance and the semiconductors in general a buying opportunity. "We think the sector is starting to look pretty attractive at these levels," he said. "In our view, DRAM prices still have a ways to go before the cycle runs out."