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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Allen Furlan who wrote (6733)	4/15/1999 2:14:00 AM
From: Bill Zeman	Read Replies (2) \| Respond to of 78465

Allen MI is an intriguing stock. I like the internet IPO potential and the extremely low price to book. I also like the buy out potential. 2 things that bother me: 1. The declining nature of the semi conductor industry and thus their weaker earnings, and 2. Upon looking at a 3 month chart it looks like they are still trending lower. It just hit a new low, (12 3/8) a few days ago, and now we are up almost 33% from there...makes for a shaky buy at this price, (16). Do you think this is the bottom (12 3/8) or will it go even lower? Do you think their earnings will start moving back up again like the analyst's are predicting or are there more problems on the horizon given the sub $500 computer and all? Bill Zeman