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

To: Madharry who wrote (9055)	12/22/2000 10:35:27 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Alliance Semiconductor Cut to 'Buy' at Needham & Co.(target 21) 12/22/00 6:47:00 AM Source: Bloomberg News Princeton, New Jersey, Dec. 22 (Bloomberg Data) -- Alliance Semiconductor Corp. (ALSC US) was downgraded to ''buy'' from ''strong buy'' by analyst Daniel K Scovel at Needham & Co. The 12-month price target was cut to $21 from $31.

To: Madharry who wrote (9055)	12/23/2000 1:39:43 AM
From: Smart_Money	Respond to of 9582

Talking about egg on Mr. LaFountain face. This so called analyst downgrades FDRY to "hold" Dec 11 and then upgrades to "buy" Dec 19 target 41 and THEN on Dec 20 after the company warns (stock cut in half by then) he upgrades to "strong buy" potential gain to 38.00. All this within 9 days. Did he really intend the first downgrade or the double down upgrades. What was his motive? How would you like him to manage your money. NOT. BTW After the second upgrade "strong buy" the stock dropped from 17 all the way to 12 and now trading around 14.

To: Madharry who wrote (9055)	12/28/2000 9:16:55 AM
From: DJBEINO	Respond to of 9582

WRAP: Taiwan Rate Cut Opens Door For Faster NT$ Fall By Kirby Chien Of DOW JONES NEWSWIRES TAIPEI (Dow Jones)--Taiwan's central bank shifted gears by cutting key interest rates for the first time in almost two years, a move economists said would boost a flagging economy but also opens the door for a faster depreciation of the new Taiwan dollar. "Lower interest rates are good (for the economy)...but will put more pressure on the (Taiwan) dollar," said Daniel Chen, the chief economist at the Industrial Bank of Taiwan, adding, however, the pace of depreciation still depends on the level of central bank intervention. The bank announced at the end of its quarterly board meeting identical cuts of 12.5 basis points in the discount rate and accommodation against secured loans rates, which fell to 4.625% and 5.0%, respectively. The cuts are made because of a slowing economy and a high jobless rate, said Perng Fai-nan, the central bank governor, adding the bank's monetary policy remained loose. Last month, Taiwan reduced its forecast for 2001 economic growth to 6.03% from 6.48% while November's unemployment rate jumped to 3.23% a near 15-year high. The cuts will become effective Friday and reverse the direction of two successive small rate hikes earlier this year designed as "preemptory strikes" against nascent inflation. Economists say inflation is less of a threat next year than the rapid erosion in economic growth, that JP Morgan says will fall to 3.0% in 2001, less than half the government's 6.03% estimate. Taiwan is forecasting growth to hit 6.47% in 2000. The central bank forecasts core consumer prices to rise 1.6% in 2001, while inflation next year is "controllable" and that the bank is "comfortable" with it, said Perng. However, economists say the costly defense of the local dollar has sliced foreign exchange reserves to US$108.3 billion, an 11-month low, and is preventing a "competitive depreciation" that could help support faltering exports.