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Technology Stocks : Taiwan Semiconductor (NYSE: TSM)

TSM 326.74

-2.7%

3:28 PM EST

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To: Allen champ who wrote (476)	5/7/1999 11:14:00 AM
From: tom	Read Replies (1) of 684

April sales a touch above expectations.... TAIPEI, May 7 (Reuters) - World "foundry" microchip leader Taiwan Semiconductor Manufacturing Co <2330.TW> said on Friday its April sales rose 15.8 percent to T$5.238 billion compared to April 1998, saying this signalled recovering demand. "As a result of continuous pick-up in demand, in April (Taiwan Semicon's) capacity was fully utilised," spokesman Huang Yen-chun said in a statement. Unit sales measured in eight-inch wafer equivalents hit a monthly record, Huang said, though in cash terms the T$5.238 billion total was shy of the one-month record achieved in 1998. Viewed over the first four months, Taiwan Semicon's sales nonetheless declined 12.4 percent to T$17.739 billion compared to the same 1998 period. In month-on-month terms, April sales rose 6.1 percent from T$4.939 billion in March. Taiwan Semicon, which has a listing of American Depositary Receipts <TSM.N> on Wall Street, is the world's leading manufacturer of made-to-order "foundry" microchips. The statement did not provide profit figures. (US$=T$32.7) ((Taipei newsroom, +886 2 2508-0815 fax +886 2 2508-0204, taipei.newsroom@reuters.com))

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