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

To: patrick tang who wrote (4664)2/9/1999 1:10:00 PM
From: DJBEINO  Read Replies (1) | Respond to of 9582
 
patrick

<ALSC is going to be selling 35M more shares to USC >

NO:

"THIS SALE AND TRANSFER AGREEMENT (this "Agreement") is entered into as of March 4, 1998, "
++++++
Just talked to David Eichler the new Vice President of Finance and Administration and CFO regarding the 8-k/a filing

This filing is to disclose the "party" that bought the 35m shares last year. Tawian gave the OK to reveal the name.So this was for informational only: name substitution
Message 7736434



To: patrick tang who wrote (4664)2/9/1999 3:33:00 PM
From: Ken Muller  Respond to of 9582
 
Patrick:

<<ALSC is running out of cash and is selling off assets to pay bills.>>

With the forthcoming sale of their interest in Maverick to Broadcom, ALSC will have plenty of stock (250K+ shares of Broadcom) to handle cash flow requirements.

In addition, as they sell off part of that stock holding each quarter, they will show a profit on the sale. That will probably wipe out any losses associated with quarterly operations.

ALSC has now turned profitable. Amazing!


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