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Technology Stocks : Semi Equipment Analysis
SOXX 294.38-1.0%Nov 7 4:00 PM EST

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To: Return to Sender who wrote (12726)12/10/2003 1:38:09 AM
From: StanX Long  Read Replies (2) of 95385
 
Taiwan chip stocks tumble after weak Nov. sales figures TSM, UMC)
By Allen Wan
9:24pm 12/09/03
TOKYO (CBS.MW) -- Shares of Taiwanese semiconductor giants United Microelectronics (UMC) and Taiwan Semiconductor Manufacturing (TSM) tumbled Wednesday on investor disappointment over their November sales figures. After the bell Tuesday, Taiwan Semi, the world's largest contract microchip maker, said November revenues rose 27 percent to $540 million from a year earlier, but fell from T$20.3 billion ($597.7 million) in October. Rival United Micro recorded sales of T$7.7 billion in that same month, up 28 percent from the same month last year, but up only 0.5 percent from the previous month. Shares of Taiwan Semi plunged 3.1 percent to T$62.50, while those of United Micro slipped 2 percent to T$29.
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