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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.31

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To: Return to Sender who wrote (34399)	9/22/2001 4:01:42 PM
From: Johnny Canuck	Read Replies (3) of 67874

No everything is doom and gloom in semi land. I wonder what segments are ramping for this company? Anyone know what thet produce and their customers? **************************** TSMC Expects Five Times The Profit In Q3 Online staff -- Electronic News, 9/21/01 Hsinchu, Taiwan-based Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) today announced some rather surprising news, given the current economic climate. The company said it is increasing its financial guidance for the quarter. TSMC (nyse: TSM) now expects its third quarter operating income to be at least five times greater than the previous quarter, when it reported net income of about $9 million (312 million Taiwanese dollars). The company said it expects its operating performance to increase further in the fourth quarter. TSMC said its monthly sales revenue hit bottom in May and June. Operating income then outperformed the company’s forecasted growth rate in both July and August. The company acknowledged last week’s terrorist attacks and the associated slump in global stock markets but it reaffirmed this gradual trend of recovery. One factor for this revised growth, the company said, is that orders received for September through the end of the year show a high concentration of high-end and more profitable products.

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