Highlights from the annual shareholding meeting :
*introduction of the board members
*aprrox 94% of the shares has responded to the proxy
*election of directors:all nominated won
*increase by 2M shares to stock option: Approved (over 6m shares voted against)
*approved the independent public accountant
meeting was over in less than ten minutes.
A presentation followed:
* six Q of rev growth
*ASP very firm and increasing
*seq and bottom growth
* strong backlog last 2 q and even DEC Q
*8m flash this quarter full production 4m next q
* invested in 27-28 com
*Focus on larg & high performance market
* new customer base-away from PC to telec
*sram: 256k to 4m (still in demand), new 8m coming (next 3-4weeks-4q), 16m next year
customers: Lucent, cisco, EMC,alcatel
*dram: alsc not in PC DRAM market
*16m & 64m SDRAM in 4Q
Not in competition with Micron, customer is broad
customers:sony, 3com , seagate, HP,
*flash: 4m, 8m in production 16m sampling 4Q, ship next year
*Diversify strategy: embeded memory and logic: speed up internet routing (product next year)
*right peaple in the company with leading edge tech
* products based on .18 micron, coming products based on .15
*sram produced in CHRT @ .35 soon @.18 micron
*DRAM produced in UMC also flash and soon .18 SRAM
*ROHM(japan)4&8m dram produced, umc owns portion of Rohm
gauranteed capacity 19K wafers only using 14k
umc 11k aval using 6.5k, chrt aval 3k using 3k, domestic (NSM) 5k aval using 5k
*India has over 50 engineers
*Sep Q to beat the Jun Q in a big way (55-57m for sep Q)
*sep Q better than June Q
*We are in an UP cycle, REV are increasing
*No intention to sell UMC/CHRT stock
*gross margin 37% for FY01, long term 40%
*R&d 8%, long term 10%
*89M invested in startup companies ;2-3 of them should be bought next 3 month
*Improving in performance, shif from PC
*No one company is over 5% of alsc revenue:DIVERSIFIED
keep on investing in startup's
42 minutes webcast
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