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Politics : Formerly About Applied Materials

AMAT 256.89

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To: StanX Long who wrote (56794)	12/3/2001 4:59:48 AM
From: StanX Long	Read Replies (1) of 70976

Monday December 3, 4:03 am Eastern Time TSMC sees Q4 net up over 150 pct q/q (UPDATE: Adds details in para 6, 7 and updates share prices) biz.yahoo.com By James Peng TAIPEI, Dec 3 (Reuters) - Taiwan Semiconductor Manufacturing Co (TSMC) (NYSE:TSM - news) said on Monday it expected fourth-quarter net profits to jump more than 150 percent from the third quarter, fuelling expectations the sector is emerging from its worst slump ever. ADVERTISEMENT The world's largest contract chipmaker said revenues in the fourth quarter would rise 22 percent and would climb a further 10 percent in the first quarter of 2002. That would put fourth-quarter revenues at around T$32.9 billion, a 39 percent decline on the year, while net profits would come in close to T$3.09 billion, a plunge of 86 percent from the year-ago quarter. ``Our Chief Finance Officer Harvey Chang told a U.S. high-tech seminar last week that our first quarter 2002 sales will rise more than 10 percent from the fourth quarter,'' Tzeng Jinn-haw, TSMC public relations executive, told Reuters. Tzeng did not provide dollar figures, however. On Monday, the company said it forecast 2001 net profit at T$13.2 billion and earnings per share at T$0.76 for this year.

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