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

To: slob who wrote (571)	12/9/1997 1:52:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 1853

i would consider the risk in alsc much higher than towers. for one the stock dilution is much larger as well as the float. also the price to sales is mor than doulble towers. add that to their low cash position of 50 cents and company is not profitable tells me that this one may be a good short as they may not make it. only thing that might save them is the low debt position, but it is comparable to towers...nearly 0. sorry, but i just don't see the low risk here and to be long would in my opinion be the risky side of the trade. now oakt on the other hand. i have been watching that one for a while now. trades at just over twice cash value (tsemf is less than twice cash position here), has a price to sales ratio higher than tower and a book value which looks attractive. i almost bought oakt at 7.5 but chickened out. it will come back down to my level before going higher. it still has a higher valuation than tower at this level. but oakt is a solid company and if management could ever get the attention of wall street again, it could be a big winner. seems tower has a wall street attraction problem as maanagement must not have said the right things. but to longer term investors it really doesn't matter. just ask my uncle who invested in at&t and ibm back in the 1950's when the companies were very small. need i say he doesn't work anymore. hasn't for a long time. can't help but notice nsm looked strong today in earnings and from what i understand they work with tower alot. just wondering how much as in my last post. good luck and thanks for the input slob.