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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 (9378)	7/3/2001 1:40:10 AM
From: DJBEINO	of 9582

UMC (2303)closed @45.90 -0.60 vol 15,080,130 +++++++++ July 2 net purchase 7,924,000 shares +++++++ TAIWAN WEIGHTED closed @ 4843.82 -43.04 (-0.88%) Day's Range :4825.85 - 4906.82 ++++++++++ UMC's (2303 TT) chairman, Robert Tsao, admitted for the first time officially that the company is considering closing a fab (or fabs) temporarily to reduce costs. In our opinion, the bad conditions currently in the semiconductor industry is conventional wisdom among investors, thus, UMC's announcement will not induce selling pressure. ++++++++++ Hynix Semiconductor May Trim Production as Chip Prices Tumble By Ian King Seoul, July 3 (Bloomberg) -- Hynix Semiconductor Inc., the third-largest computer-memory chipmaker, said it may cut output, limiting supply to boost the price of chips that now sell for less than the cost of production.

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