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Politics : Formerly About Applied Materials
AMAT 256.32+1.1%3:59 PM EST

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To: StanX Long who wrote (63201)4/25/2002 2:54:59 AM
From: StanX Long  Read Replies (1) of 70976
 
TSMC Q1 earnings edge above estimates
TAIPEI, April 25 (Reuters) -

sg.biz.yahoo.com

TSMC , the world's largest contract chipmaker, said on Thursday it made earnings per share of T$0.39 in the first quarter, up from T$0.26 in the last three months of 2001 and slightly above analysts' estimates.



Taiwan Semiconductor Manufacturing Co (TSMC) had been expected to post a first-quarter EPS of T$0.32, according to a Reuters survey of six analysts.

Though the earnings are down from EPS of T$0.50 per share in the year-ago period, it marks TSMC's third straight quarter of improving profits after a severe downturn in the semiconductor sector in 2001.

TSMC has already squarely met its own guidance that first-quarter revenues would improve five to 10 percent from the final three months of 2001, posting an eight percent rise to T$35.79 billion.

The results were issued after close of trade on Thursday. TSMC's Taiwan-listed shares fell 3.16 percent to T$92.00, while the benchmark TAIEX <.TWII> share index declined 1.55 percent.

The company's net profit fell 22 percent year-on-year to T$6.59 billion. The Netherlands' Philips Electronics NV is one of TSMC's largest shareholders with about a 22 percent stake.

(US$1 = T$35)
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