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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 (7555)	5/17/2000 1:11:00 AM
From: DJBEINO	of 9582

UMC closed @ 96.00 +3.50 vol 125,234,082 2nd most active +++++++++++++++++++ May 16 net purchase 6,044M shares ++++++++++++++++++ TAIWAN WEIGHTED closed @ú 9085.74 +357.92 (+4.10%) +++++++++++++ Taiwan Hot Stock: United Micro +3.5% In Line With Nasdaq TAIPEI (Dow Jones)--Shares of chipmaker United Microelectronics Corp. (2303.TW) were up NT$3.00 ($1=NT$30.759), or 3.5%, to NT$95.50 on volume of 55.5 million at 0145 GMT (9:45 p.m. EST). The gain in the stock was in line with Tuesday's 3% rally in the Nasdaq and the early 3.5% surge in the main board, which was boosted in part by President Chen Shui-bian's remarks that his May 20 inaugural speech would satisfy Taiwanese, be acceptable to the U.S. and would not worsen relations with China. Analysts added that the chipmaker is a worthwhile investment in the long term amid continued recovery in the global semiconductor industry.

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