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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: Norrin Radd who wrote (2651)	2/27/1998 4:30:00 PM
From: DJBEINO	Read Replies (1) of 9582

Taiwan Sec sets United Micro (TW:2303) warrants TAIPEI, Feb 27 (Reuters) - Taiwan Stock Exchange said on Friday Taiwan Securities <6010.TWO> had applied to issue 20 million American-style stock call warrants on United Microelectronic Corp (TW:2303). The warrants, after the expected approval by regulators, would be listed on the Taiwan Stock Exchange, officials said. Each warrant would be equal to one share of United Microelectronic Corp, officials said. Details of the Taiwan Securities' warrants are as follows: STRIKE PRICE T$91.00 PREMIUM 28.80 pct ISSUE PRICE* T$26.208 GEARING* 3.47 times EXPIRATION 12 months MIN EXER LOT 1,000 LISTING TAIEX SETTLEMENT Cash/Stock REFERENCE SPOT T$91.00 LISTING DATE To be determined * Based on traders' calculations. Refer to firm's term-sheet of the warrant for official figures.

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