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Technology Stocks : ASML Holding NV

ASML 1,407

-2.1%

Feb 12 3:59 PM EST

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To: SemiBull who wrote (861)	10/28/2003 9:25:01 AM
From: Proud_Infidel	of 43484

ASML rises on TSMC capex plans, industry outlook Tuesday October 28, 3:35 am ET AMSTERDAM, Oct 28 (Reuters) - Shares in Dutch chip equipment maker ASML (Amsterdam:ASML.AS - News; NasdaqNM:ASML - News) rose more than three percent in early trade on Tuesday after a key client said it planned a big increase in capital expenditure next year. Morris Chang, chairman of Taiwan Semiconductor Manufacturing (Taiwan:2330.TW - News), the world's largest contract chip maker, told an international investors' conference the firm planned a "large scale" increase in capital spending from this year's figure of $1.2 billion. "The market clearly likes this news and that is why the share is rising," one Dutch trader said. Traders added that ASML, up 3.9 percent by 0832 GMT, got a further shot in the arm after industry trade group World Semiconductor Trade Statistics (WSTS) raised its 2003 forecast for worldwide chip sales and said it sees even stronger growth in 2004. The news also helped ASML's mid-cap peer ASM International (Amsterdam:ASMI.AS - News), which rose 3.3 percent.

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