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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: Doug Simpson who wrote (7344)	4/27/2000 1:56:00 AM
From: DJBEINO	Read Replies (1) of 9582

UMC closed @ 97.00 +3.50 vol 55,240,402 2nd most active +++++++++++++++++++ TAIWAN WEIGHTED closed @8541.95 +5.99 (+0.07%) +++++++++++++ Taiwan Hot Stock: United Micro +2.1% On Earnings Outlook TAIPEI (Dow Jones)--Shares of United Microelectronics Corp. (2303.TW) were up NT$2.00 (US$1=NT$30.646), or 2.14%, at NT$95.50 at 0257 GMT Thursday (10:57 p.m. EDT Wednesday) on volume of 36.4 million shares, on the company's strong earnings outlook for 2000. The broader market was up 0.04%. United Microelectronics, Taiwan's second largest dedicated chip foundry, said earlier Thursday net profit for the first quarter was NT$7.45 billion, or NT$0.82 per share. Earnings are expected to improve in the coming months amid an expected rise in foundry prices, the company said. Expectations that a dispute over the environmental impact assessment for the company's new plant will be resolved soon also lifted sentiment in the shares.

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