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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: SBHX who wrote (13406)	7/19/1999 11:13:00 PM
From: stock talk	Read Replies (1) \| Respond to of 14577

Don't be surprised to see S3 jump tomorrow. Top Financial News Mon, 19 Jul 1999, 11:01pm EDT Asian Stocks: Taiwan Soars on Reports Lee Will Clarify Remarks, Techs Lead By Faith Hung Taipei, July 20 (Bloomberg) -- Taiwan stocks staged their biggest rally in 21 months on reports President Lee Teng-hui will clarify his recent remarks on the island's relations with China in an effort to ease tension across the Taiwan Strait. The benchmark TWSE index surged 405.83 points, or 5.6 percent, to 7792.72, its biggest one-day gain since October 21, 1997. Last week, it tumbled 14 percent after Lee characterized relations with Beijing as ''state-to-state,'' angering China, which doesn't regard the island as a sovereign state. Taiwan Semiconductor Manufacturing Co. and other electronics companies paced gains on hopes strong sales in their biggest market, the U.S., will boost earnings. ''There's a dramatic turnaround in the market sentiment,'' said Michael Ding, a vice president of International Investment Trust Co., which manages NT$40 billion ($1.2 billion) in client assets. ''Now, the uncertainty on the political side has disappeared, prompting investors to chase after blue-chip stocks that slumped last week.'' bloomberg.com