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Technology Stocks : Taiwan Semiconductor (NYSE: TSM)
TSM 325.30-3.1%11:22 AM EST

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To: tom who wrote (486)5/12/1999 10:05:00 AM
From: Sun Tzu  Read Replies (2) of 684
 
>> I think there will always be some premium between the ADR and the local stock

I don't get it. Even if i want to maintain a large equity position in the company, why would I not sell all my holdings as an ADR at a 50% premium and buy them back at the local market?

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