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Technology Stocks : Alliance Semiconductor

ALSC 0.810

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Jul 10 5:00 PM EST

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To: Ram Seetharaman who wrote (8689)	10/9/2000 1:19:54 AM
From: DJBEINO	of 9582

UMC (2303) closed @ 65.50 -2.00 vol 40,750,000 2nd most active ++++++++++= oct 7 net purchase 908k shares +++++++++ TAIWAN WEIGHTED closed @ 6209.42 -142.61 (-2.25%) ++++++++ SG Cowen recommends going to full overweight position on Taiwan, up from previous recommendation of moderately overweight. Cheap valuations and likelihood of more contracts on technology outsourcing make it attractive; also, share prices already factor in likely slowing earnings growth in 2001 on weaker tech demand, says SG emerging markets report late last week ++++++++++++ 00:30 [TSM] TAIWAN SEMICONDUCTOR MANUFACTURING CO.'S JAN-SEPT REVENUES REACH NT$112.4 BLN 00:28 [TSM] TAIWAN SEMICONDUCTOR MANUFACTURING CO.'S SEPT NET SALES HIT NEW RECORD HIGH OF NT$16.4 BLN

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