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Technology Stocks : Alliance Semiconductor

ALSC 0.810

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Jul 10 5:00 PM EST

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To: DJBEINO who wrote (2582)	2/15/1998 11:15:00 PM
From: DJBEINO	Read Replies (1) of 9582

STOCKWATCH: Winbond/UMC -- 3 (SRAM prices recovery seen: analyst) Dealers said the U.S. government decision will have only a psychological impact on local SRAM makers. "Riding on the negative leads, the electronics stocks will see technical corrections after gains (over the past two weeks)," HSBC James Capel Taiwan Ltd assistant research manager Alex Chen said. The anti-dumping tax will not have a substantial negative impact as around 97 pct of Taiwan-made SRAMs are supplied to domestic market. "Taiwan SRAMS are mainly sold to local main board makers. Only a small portion are shipped directly to overseas markets," Chen said. He said local SRAM producers are expected to benefit from the U.S. government decision as it is seen leading to a recovery in SRAM prices. At 9:59 am, Winbond was off 2.00 twd at 51.00 on volume of 32.82 mln shares and UMC lost 4.00 to 73.50 on 49.55 mln shares. The weighted index was down 7.58 points at 8,698.88, off a high of 8,729. 70 and a low of 8,673.82. The electronics sector was down 1.19 pct.

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