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: PAR who wrote (8806)	10/22/2000 10:27:49 AM
From: xrplus	Read Replies (1) \| Respond to of 9582

Alliance Semiconductor recently had a blow out quarter. They easily beat earnings estimates which had already been revised upwards and revenues increased by a staggering 237 % from the same quarter last year. According to their CEO, bookings remain strong and their backlog exceeds $100 million. After earnings were released, two analysts (Needham and Prudential) reiterated their strong buy ratings and targets of $30 and $44. At its current price of $ 17 1/2, this looks like an easy double to me.