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Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

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To: DJBEINO who wrote (9329)	5/16/2001 12:08:05 PM
From: DJBEINO	of 9582

United Micro (UMC) 9.50 -0.08: Banc of America Sec initiates coverage with a BUY and a 12 month price target of $23; UMC has suffered through Q1 of FY01 as the entire semiconductor industry has undergone a significant contraction; management guidance is for 2Q to be the trough in revenues with a modest recovery in the second half of FY01; firm says UMC is well positioned for anticipated recovery in the IC market. Tower Semicon (TSEM) 11.01 +0.47: Banc of America Sec initiates coverage with a BUY rating and price target of $22; Tower is a wafer foundry specializing in CMOS processing; says company is at a major inflection point; the current downturn in the semiconductor industry has had a strong impact on foundries, and firm is not projecting a strong revenue growth year for Tower.

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