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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?

To: Bulldozer who wrote (2724)	9/23/1999 11:16:00 AM
From: Dutch	Read Replies (1) \| Respond to of 3818

This is a great buying opportunity!! Load the Wagon!! Dutch

To: Bulldozer who wrote (2724)	9/23/1999 11:33:00 AM
From: Drake	Read Replies (1) \| Respond to of 3818

BD, is Taiwan disaster responsible for this drop? dc

To: Bulldozer who wrote (2724)	10/4/1999 6:49:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 3818

>TSMC accounts for a little under half of PMC production. My understanding is PMC did get some runs through (of the many WIPs that were running) and has shifted some production to Chartered in Singapore.< bidnez must sure be good when one of your chief foundries IPOs. of course, this isn't intended as a investment endorsement for CHRT. <vbg> ----- Chartered Semiconductor files $517.5 mln IPO in U.S. October 4, 1999 06:05 PM WASHINGTON, Oct 4 (Reuters) - Singapore-based Chartered Semiconductor Manufacturing Ltd., the world's third largest semiconductor foundry, filed on Monday with U.S. regulators to raise as much as $517.5 million in an initial public offering. The company, with offices also in Milpitas, Calif., plans to sell 150 million ordinary shares in the United States and Canada and another 75 million shares overseas in a projected range of $16-$18 per share, a Securities and Exchange Commission filing said. Chartered, a unit of government-owned Singapore Technologies Pte Ltd., also said it plans to simultaneously offer 25 million ordinary shares in Singapore. The company provides wafer fabrication services and technologies to semiconductor suppliers and makers of electronic systems. It also offers digital and analog technologies to its customers. Chartered's top five customers include Hewlett-Packard Co. (HWP), Lucent Technologies Inc. (LU), Level One Communications, Broadcom Corp. (BRCM) and Conexant Systems Inc. (CNXT). Chartered said plans to use the funds raised in the IPO to fund capital spending to expand its manufacturing facilities, to make equity contributions to its jointly-owned fabs, for working capital and other general corporate purposes. Chartered had $294 million in net revenue during the first six months of 1999 and posted $48 million in losses, its filing showed. After the IPO, about 1.25 billion shares will be outstanding in the company. The company has allotted 37.5 million extra ordinary shares that the underwriters, Salomon Smith Barney, Credit Suisse First Boston, Hambrecht & Quist, SG Cowen and Soundview Technology Group, can purchase in the event of heavy demand. The company has applied to sell its shares on Nasdaq under the symbol "CHRT."