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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST
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To: kash johal who wrote (3342)8/15/1997 6:23:00 AM
From: Harold Engstrom   of 11555
 
Found this on CY thread:

TAIPEI (AFX-ASIA) - Winbond Electronics Corp shares were higher on the continued rise in SRAM chip prices, dealers said. At 11:24 am, Winbond Electronic rose 3.50 to 81.50 twd with 116.11 mln shares changing hands, while the electronic sector was down 1.1 pct.
The weighted index was down 6.07 points at 9,913.61 on turnover of 126.65 bln twd.
Yeh Yu-fen, an analyst with Ta Fa Securities, said investors are happy about the company's fundamentals on a recovery in SRAM prices.
Increases in the company's 1997 profit forecasts are evidence of its improving fundamentals, Yeh said, adding that despite the entire electronic sector consolidating the stock is resisting selling pressure. She said based on current market conditions, SRAM prices are expected to continue to rise at least till October.
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