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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: DiViT who wrote (45118)	9/21/1999 5:18:00 PM
From: Black-Scholes	Read Replies (2) \| Respond to of 50808

The Market CLEARLY over-reacted: SAN JOSE, Calif., Sept. 21 (Reuters) - Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) said Tuesday that a preliminary analysis after the earthquake in Taiwan indicates the company may lose about 10 percent of this month's wafer production. The assessment is not final and recovery to normal operations will be a gradual process over the next several days, the company said. The Hsinchu Industrial Park, where Taiwan Semiconductor and several other major foundry companies are located, is still without normal electrical power. "We are doing everything possible to minimize the impact of this event to our customers," Ron Norris, the company's senior vice president of worldwide marketing and sales, said in a statement. Taiwan Semiconductor reported earlier that its buildings, HVAC systems, water distribution, power distribution, computer and network systems all successfully withstood the effects of the magnitude 7.6 earthquake, and that all employees were safe and the facilities were operating on stand-by power.