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

To: Lucinos who wrote (13443)	7/29/1999 9:54:00 PM
From: Jan A. Van Hummel	Read Replies (2) \| Respond to of 14577

This may be the reason for today's price action Taiwan blackouts causes more than T$2 bln damage TAIPEI, July 30 (Reuters) - An island-wide blackout has cost Taiwan more than T$2 billion in industry damage, the state-run Central News Agency said on Friday. The outage, which began late on Thursday and lasted for more than three hours, was the worst in decades, hitting key industries. Initial damage to semiconductor and electronics makers in the northern Hsinchu Science Park alone was estimated at more than T$2 billion, the news agency said. It said most microchip wafer plants, microchip testing and packaging plants, and liquid crystal display plants have been affected. Industries across the island scrambled to limit production losses, but the damage was expected to be extensive -- especially in the electronics sectors, which have been running round-the-clock at full capacity. Though the biggest high-technology firms have emergency power supplies, far less extensive power outages in recent years have caused losses in the hundreds of millions of dollars. (US$=T$32.2)