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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 (9085)	1/10/2001 2:08:05 AM
From: DJBEINO	Read Replies (1) of 9582

UMC (2303) closed @ 52.00 -1.00 vol 77,357,360 +++++++++ Jan 9 Net Purchase 6,034,000 shares +++++++= TAIWAN WEIGHTED closed @ 5436.78 +60.66 (+1.13%) Day's Range :5350.07 - 5476.90 ++++++++ Taiwan's TWSE index rose 60.66 to 5436.78, its fourth gain in five days. Bank made up a fifth of the index's rise on hopes Goldman Sachs Group Inc. and Chinatrust Commercial Bank's agreement yesterday to jointly form an asset management company will accelerate the banking industry's effort to clean up bad loans. ++++++++++ U.S.-based Advanced Micro Devices Inc. (AMD) is seeking a partner in Taiwan - likely to be either Taiwan Semiconductor Manufacturing Co. or United Microelectronics Corp. (2303.TW) - to build a 12-inch chip factory that might be located in Taiwan or California, reports the Economic Daily. Market participants speculate the central bank might cut the discount rate again by either 12.5 basis points or 25 basis points before the Lunar New Year holidays because some key state run banks have posted an interbank rate as low as 4.6%, below the central bank's current discount rate of 4.625%, reports the Economic Daily. ++++++++++ ACCUMULATE: United Microelectronics Corp. (2303.TW) - NT$53. Recommended with a target price of NT$65 because its fourth quarter financial performance should be on target, and that this leading chip foundry has a compelling valuation following its recent share price swings on account of the cloudy industry outlook for semiconductors

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