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

To: virgil vancleave who wrote (565)	12/9/1997 12:35:00 PM
From: slob	Read Replies (2) \| Respond to of 1853

Virgil, Go back and read posts from Aug 96. You'll find that TSEMF was in good shape than and was trading below cash value. From memory they were at about $6 with $7.50 cash. The price just sat there at $6. Remember that under their laws a buyback is not legal, so the only thing that shifted the stock was the $1.50 dividend. I understand your frustration I've been there with TSEMF before. IMHO All that you can do with this stock is sit on the sidelines until you see some strong trading patterns and then jump in with a truck load of cash. Happy trading Slob

To: virgil vancleave who wrote (565)	12/10/1997 8:59:00 PM
From: Robert Florin	Read Replies (1) \| Respond to of 1853

also, i have been doing some reading and thinking about their relationship with nsm. this could turn out to be an excellent deal as nsm and cyrx are now one and nsm is into the low cost pc production using cyrx chips. correct me if i am wrong, but would not this setup have positive implications for tower or even prompt nsm to consider aquiring tower for their cash position and products and technology. just a thought. either way, the outlook for tower looks promising, especially if management can perform. Depends on what NSM's strategy will be. They produce gillions of chips, but probably will use TSMC, Chartered, UMC, their own fab in So Portland, and Tower. If the demand for their "information appliance" vision achieves some success, they probably wil want alternative fab sources.