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

To: ronald dickman who wrote (3445)	6/26/1998 12:27:00 PM
From: sellonrumor	Read Replies (1) \| Respond to of 9582

Brief conversation with Reddy this AM yielded no new information. He seems as baffled as the rest of us as to why stock is continuing to drop after earlier earnings warning. He could not get into any detail because of "quiet period" but did say the company was in it for the long term and was NOT contemplating bankruptcy or anything drastic. He implied turnaround was underway to refocus out of DRAM but would take a long time. Activity this AM may be major institutional holders selling out their positions before the end of the quarter.