UMC (2303) closed @ 55.00 - 3.00 vol 66,554,546
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Feb 12 net purchase 8,828,000 shares
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TAIWAN WEIGHTED closed @ 5887.68 -139.81 (-2.32%)
Day's Range :5881.04 - 6097.29
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United Microelectronic fell 5.2 percent to NT$55. The world's No. 2 build-to-order chipmaker said after the market closed that it expects first quarter earnings to fall versus the last quarter of 2000. The company reported a NT$16.7 billion ($505 million) profit for the three months ended December, compared with a NT$14.6 billion third-quarter profit.
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Improving sentiment in Taiwan -- based on:
More high dividend share announcements/expectations:
-Resolution of Nuclear Plant issue with budget ensured through 2003
- KMT and China leadership meetings multiplying
- More Fed cut(s) and dead inflation
+++++++++BUY high dividend IC shares for ex-dividend rallies during 1Q01. Macronix (2337 TT) expects to pay NT$3.5 to NT$4 stock dividend this year. Now that high-dividend plays have gained in popularity in the Taiwan stock market, IC shares like VIA (2388 TT), which expects to pay NT$7 stock dividend, Realtek (2379), which expects pay NT$4.5 to NT$5 stock dividend, TSMC (2330 TT), which expects pay NT$4 to NT$4.5 stock dividend, UMC (2303 TT), which expects to pay NT$3.5 to NT$4 stock dividend and Macronix are attracting more attention from investors during 1Q01.
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NEC Corp., the world's third- largest chipmaker, said it will cut spending at its semiconductor business by as much as 20 percent next fiscal year |
