UMC (2303) closed @ 54.00 + 1.00 vol 40,117,223
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march 13 net purchase 1,991,000 shares
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TAIWAN WEIGHTED closed @ 5658.21 +47.81 (+0.85%)
Day's Range :5642.26 - 5703.52
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HOLD IC foundries TSMC (2330 TT) and UMC (2303 TT) and wait for more concrete evidence of recovery in the global semiconductor industry. BUY DRAM shares Winbond (2344 TT) and Nanya Technology (2408 TT) as the PC market is gradually picking up. Robert Tsao, chairman of UMC, said that UMC might report a greater than 20% qoq decrease in sales, and net profits will fare even worse. NSC expects UMC to report NT$23bn in sales in 1Q01, up 19% yoy but down 28% qoq. Net profits will reach NT$11.7bn, up 55% yoy but down 30% qoq. In our opinion, weak demand for IC foundry capacity has now become conventional wisdom among investors; thus, we don't suggest investors to sell IC shares upon bad sales numbers or profits.
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Taiwan's Acer Group, UMC Group Announce Merger of Subsidiaries
TAIPEI, March 13 (AFP) - Taiwan's computer giant Acer Group and leading semiconductor firm United Microelectronics Corp. (UMC) announced Tuesday a merger of their subsidiaries manufacturing thin film display.
Acer Display Technology Inc. and Unipac Optoelectronics Corp., a unit of UMC, will merge to become the world's second largest TFT-LCD (thin-film-transistor liquid crystal display) maker after Samsung Electronics, they said in a statement. |
