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Technology Stocks : Cymer (CYMI)
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To: FJB who wrote (20582)1/8/1999 8:17:00 PM
From: FJB  Read Replies (1) of 25960
 
Semiconductor foundry services provider Taiwan Semiconductor (NYSE: TSM) moved up $2 1/8 to $18 3/16 after posting a 14.3% year-on-year increase in 1998 sales. While net profits slid 14.6% during the year, December bookings came in at record levels, leading
the company to forecast better results in 1999. Two additional nuggets of
scuttlebutt also bolstered the firm's share price today. Numerous reports
surfaced that number-one DRAM manufacturer Samsung is not accepting any more
orders for 64 Meg chips, brightening the near-term outlook for Taiwan
Semiconductor's DRAM business a bit. Also, the strong PC unit sales figures
that helped carry various Internet stocks higher today (see this afternoon's
Fool Plate Special) also bode well for the company, which derives
40% to 45%
of its business from the PC-related sector.
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