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Technology Stocks : ISSI a great opportunity -- Ignore unavailable to you. Want to Upgrade?

To: Bill Hermesmann who wrote (646)	1/20/1999 7:53:00 PM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 1058

I am looking at the 1-15-99, Summary of Advices and Index - The Value Line Investment Survey - Expanded Edition, page 35 - under "Widest Discounts from Book Value". It refers to page no. 4253 (of the value line stock sheets) for ISSI. The following data are depicted for ISSI. Percent Price to Book Value - 40 % (at a trading price of $ 3 3/8!) Performance and Safety Rank - 3,4 (not good! - at the middle tier!) Beta - 1.65 Thus the book value is 3.375 /0.40 = $ 8.4375, which is about right. This is pretty recent and Value Line is fairly trustworthy for data. They are conservative and are not the best place for aggressive stock picking! Valueline gives ISSI a semiconductor industry rank of 22 - thus there are a lot of other beaten down companies after ISSI, making chips. Things will turn around for ISSI after summer 1999. But it is for sure a bargain stock at these kind of discounts.