SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs
SPY 671.930.0%Nov 14 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: j g cordes who wrote (21548)6/16/1999 9:57:00 AM
From: IA  Read Replies (1) of 68051
 
Great pick, some more info on ALSC:

DJ Alliance Semi Valuation -2: Utd Micro To Have 8.8B Shrs

Symbol: ALSC I/UME
Industry: SEM
Subject: DJN DJWI EM TEC WEI
Market Sector: TEC
Geographic Region: TW ASIA CA FE NME PRM TWN US USW
Product/Service: DAA DCO DSE

SAN JOSE, Calif. (Dow Jones)--Alliance Semiconductor Corp. (ALC) valued its
investment in United Microelectronics Corp. (Q.UME) at $589 million, after
that company announced Monday that it would merge with four of its joint
ventures.
As reported in the Wall Street Journal Tuesday, United Microelectronics will
take ownership of United Semiconductor Corp., United Silicon Inc., United
Integrated Circuit Corp. and Utek Semiconductor Corp.
In a press release Wednesday, United Microelectronics said Alliance
Semiconductor (ALSC) will received 247.7 million shares of United
Microelectronics stock for its 247.7 million shares, or 14.76% ownership
interest in United Semiconductor and 35.6 million shares of United
Microelectronics for its 48.1 million shares, or 3.2% stake in United Silicon.
United Microelectronics expects to have 8.8 billion shares outstanding at
the merger closing date.
The merger is subject to shareholder and regulatory approvals and is
expected to close by the end of the year. United Microelectronics shares
received by Alliance are subject to a six-month lock up period before the
shares become freely tradable in Taiwan.
United Microelectronics makes semiconductors.
-Dave Copeland; 201-938-5400
(END) DOW JONES NEWS 06-16-99
09:09 AM
End of News
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News