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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: DJBEINO who wrote (8952)	11/24/2000 1:43:35 AM
From: DJBEINO	Read Replies (1) of 9582

UMC (2303) closed @ 55.50 +3.50 vol 127,691,036 3rd most active +++++++++ TAIWAN WEIGHTED closed @ 5419.99 +273.07 (+5.31%) Day's Range :5218.18 - 5423.43 ++++++++ ``The index has come to a point where it's factored in a lot of things'' such as the potential impeachment of the president and slower earnings growth next year, said Michael Ding, the chief investment officer at International Investment Trust Ltd. in Taipei who expects the index to reach 6,000 before year-end. ``It was oversold.'' ++++++++ Taiwan chipmakers that produce chips on a made-to-order basis gained as investors perceive their shares have fallen too far, too fast compared to their future earnings. TSMC's shares have dropped 44 percent since their Feb. 11 high this year and now trade at 17 times 2000 estimated earnings. United Microelectronics Corp.'s shares have dropped 47 percent since their Jan. 27 high year high and trade at 13 times 2000 forecast earnings. The TWSE Index trades at 22 times earnings. +++++++++ Korea's Kospi index rose 2.7 percent, led by Samsung Electronics Co. and other chipmakers as spot prices for their main product rose for the first time since July. +++++++++ The spot price for the industry-standard 64 Megabit dynamic random access memory chip rose 7.6 percent. Since its Jan. 7 peak, the price plunged 60 percent. ``Investors are hoping there will be no further fall in 64- megabit DRAM chip prices as computer makers' chip inventories are declining,'' said Shin Sam Chan, a market analyst at Hana Securities Co.

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