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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 (9396)	7/16/2001 1:49:49 AM
From: DJBEINO	Read Replies (1) of 9582

UMC (2303)closed @36.60 - 0.50 vol 35,945,647 most active +++++++++ TAIWAN WEIGHTED closed @ 4368.69 -116.99 (-2.61%) Day's Range :4305.02 - 4510.74 +++++++++++ Monday, July 16, 2001 UMC (2303 TT) announced lay-offs involving 266 of its 9,300 employees in Taiwan after expressing concerns about its prospects for 3Q01. Rumor has it that UMC will continue to report negative mom sales growth in July as the firm continues to suffer from overexposure to the telecom sector, which accounted for 48% of the firm’s sales in 1Q01. +++++++++++ UMC, which had 9,373 employees at the end of 2000, also stopped installing chip-making equipment in a factory and told about a hundred workers to take a vacation until the end of the year on 60 percent salary or transfer to an overseas plant or research center. UMC spokesman Alex Hinnawi wouldn't confirm or deny the report. +++++++++ Late Taiwan stocks slump 4.03 pct TAIPEI, July 16 (Reuters) - Taiwan stocks tumbled more than four percent in late trade on Monday as margin-call selling continued from last week, the Taiwan dollar fell sharply and worries over a slowing economy persisted. Brokers said Friday's tumble to a seven year closing low triggered margin calls that were continuing on Monday.

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