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Technology Stocks : DSSI/DATA Systems & Software -- Ignore unavailable to you. Want to Upgrade?

To: Ariella who wrote (933)	5/20/1999 9:31:00 PM
From: Creditman	Read Replies (3) \| Respond to of 1061

You don't have to prove anything to me Ariella ... I believe! I have been buying as much DSSI as I can and margining as much Tower as I can for about 18 months now. In fact I have learned to live on my wife's salary so every week we can take what I make and buy more Tower and DSSI. The past few days it feels ...just feels a little like it is going to be payback time! I was just pointing out that there have been people disappointed more than a few times and there has been so much bad press on DSSI management that many are still down on them in spite of the announcement today. We know better though, huh!!?

To: Ariella who wrote (933)	5/21/1999 6:08:00 AM
From: shlomi cohen	Read Replies (1) \| Respond to of 1061

Ariella Chag Samech (Shavoot,dssi,pars,flsh), DSSI is now a great buy on Tower alone and Comverge comes as a free potential huge bonus. As I heard lately, in H&Q conference, "pure-foundry" companies like TSM are forecasting full capacity toward y2k and a shortage is seen. TSM is shopping around to buy capacity. Tower will enjoy it even if its line is an old one. On top of it we have the Saifun story (flash). DSSI partner to the Tower holdings "The Israeli Company", traded in Israel, stated lately that they are looking to sell Tower. DSSI CEO said in the past, if I am not mistaken, that August 99 is the early date that he can give Tower shares tax-free to DSSI holders. Right after the potential tax-free distribution of Tower shares to DSSI and "Israel Company" holders I guess Tower will be taken over by one of the large semi companies. Same great deal that Oshap made with Tcnof shares. Shlomi.

To: Ariella who wrote (933)	5/24/1999 2:38:00 PM
From: Ariella	Read Replies (1) \| Respond to of 1061

For all newcomers wondering whether to buy DSSI: A few things worth considering - DSSI's closing share price Friday was $3 7/8 Its book value is $5.32/share Its cash position is $.49/share It has no long-term debt Its market cap of $28.8 million is <1 ratio based on last year's sales DSSI (http://www.dssiinc.com) has a somewhat convoluted "family tree" in its corporate structure (not entirely uncommon in Israel). It has disappointed investors in several investments this decade, most of which have been shut down or sold off. However, the company is grossly undervalued on the basis of performance of its two "star" holdings -- Tower Semiconductor (ticker = TSEMF) and wholly-owned subsidiary Comverge. Percent DSSI ownership of Tower Semiconductor = 26% DSSI owns 3.25 million of Tower Semiconductor's 12.4 million shares outstanding, or 26%. As of last quarter, Tower Semiconductor had $66 million, or $5.32/share, in cash and no long-term debt. Tower Semiconductor, in turn, owns 15% of Saifun, a flash semiconductor producer which was voted "start-up of the year" in Israel this past year. (http://www.globes.co.il/cgi-bin/Serve_Arena/pages/English/1.2.2.30.4) Comverge (http://www.comverge-tech.com) designs, develops and installs two-way interactive communication solutions based on technologies developed internally and acquired from Lucent Technologies, Inc. that provide real-time, remote automated meter reading ("AMR") and data management capabilities to utilities, energy service companies and other customers. It just won its first significant contract with New Jersey's PSE&G. Worldwide market for this product is estimated by the company at $100 billion. DSSI's current share price essentially grants zero value to either Tower Semiconductor or Comverge, even after last week's runup. I doubt this situation will remain for long. Semiconductor stocks are on the rebound and the consensus turnaround estimate for Tower Semiconductor is $.38/share in 2000 after an expected deficit $1.45/share in 1999. Meanwhile, with the PSE&G contract in hand and its attending credibility, Comverge ought to be reporting more contract wins in the months ahead. As a holding company, DSSI will not ever carry a premium multiple, but it does seem likely to have a chance to double or triple from current levels by next year if Tower and Comverge perform as expected.