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To: Land_Lubber who wrote (48472)9/21/1999 8:01:00 AM
From: DJBEINO  Read Replies (1) | Respond to of 53903
 
Taiwan Semiconductor and United Microelectronics Corp said the quake had caused electricity outages but no damage to their production lines.

''It seems a bit overblown... now it appears there will only be a few days delay,'' said analyst Jan Coen Balt at Dutch broker Stroeve after speaking to contacts in Taiwan.

''There was no structural damage, the real problem was the power outages,'' he said.

But he cautioned that pricing remained sensitive. ''Of course it's come in a tight market, so everybody's nervous,'' he added.

biz.yahoo.com

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Too early to assess Taiwan quake impact- Intel
Intel does not produce DRAM (Dynamic Random Access Memory) chips -- the main sector analysts saw as potentially hit by the quake. It has customers in Taiwan and Roberts said the supply of other personal computer components, for instance motherboards, could be disrupted.

However, he said Intel's offices in Taiwan were open and telephones there were functioning.

Shares in European semiconductor firms spiked up in response to news of the quake, which killed more than 1,000 people and measured 7.6 on the Richter scale.

biz.yahoo.com



To: Land_Lubber who wrote (48472)9/21/1999 10:24:00 AM
From: John Graybill  Read Replies (2) | Respond to of 53903
 
Looks like They got the early mo-mo folks who were so happy to get in at the open, but it also looks like the safe short opportunity has come and gone. (I missed it -- after the first rush to 80+, I put in an order to short at 80 on a "last gasp", and we went straight down instead.)

I'd guess that we've seen our range for the day, given that they aren't in the habit of giving the early screw-ee's a chance to get out. 78+ is close enough to my trendline that I think it's safer to go long here than short for Scenario purposes. A decent number of big blocks are changing hands here in a tight range over the past half hour or so, and in an uptrend that usually portends a rise.