Technology Stocks : Alpha Microsystems (ALMI) - Anyone following


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To: Double Dipper who wrote (1453)6/8/1999 9:15:00 AM
From: Val77Read Replies (1) of 1572
 
From Dipwits Rumors:
Rumor for Tuesday, June 8,1999
AT&T(T) looking to purchase Alpha Microsystem's(ALMI) internet division?
ALMI has been rumored to sell off their internet division to AT&T. This will bring the price of ALMI's stock to the low 20's. There has been a lot of activity lately, and good price movement. All of this on relatively no earth shaking news. Six months ago, ALMI had a press release stating they would do an IPO, merger or sell-off the division in the next 6 months. They hired Soloman Smith Barney to do the deal. They were very tight-lipped at their shareholders meeting last Thursday. Something is up and people on the inside know. There have been several large block trade buys there in the past week. Two analysts have already picked ALMI for $15 to $18/share (and they are usually pessimistic).
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