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To: Starlight who wrote (7099)	9/26/1999 8:27:00 PM
From: limtex	Read Replies (1) \| Respond to of 60323

Elizabeth - Thanks for the China post I had forgotten that or perhaps thought that whatever it meant to me at the time the Taiwan imvolvement was more significant. Still here's a post from the Yahoo GNSS iste and I'll dig out some more as GNSS is also ited up in Taiwan amd the folks on that iste are quite clued up about the current situation in Taiwan:- biz.yahoo.com Best regards, L

To: Starlight who wrote (7099)	9/26/1999 8:30:00 PM
From: limtex	Respond to of 60323

Elizabeth - From Solmon Smith Barney: << --SUMMARY:----Semiconductors While still in doubt, the timing of full restoration of electricity in Hsinchu Science Park, Taiwan's Silicon Valley, appears to be on schedule, with TSMC actually pulling in by several days to Saturday its schedule for full power resumption.This does not mean two to three weeks of foundry output will be lost, but we believe investors are increasingly able to size that risk and have, or will soon fully discount that in their expectations. Q4 impact will likely take the form of analysts cautiously retaining current estimates, rather than reducing forecasts; we see no change in outlook in 2000. --OPINION:------------------------------------------------------------------ *We believe uncertainly surrounding the semiconductor stocks could create further buying opportunities as investors worst fears regarding Taiwan are put to rest over the next week and two. On further pullbacks, we are aggressive buyers of Intel (INTC, 1M), Texas Instruments (TXN, 1M), and Micron Tech (MU, 1S). Focus on the restoration of electrical power. Getting a handle when full power will be restored to Hsinchu is critical in assessing how much damage the earthquake will ultimately have on Taiwanese and U.S. semiconductor companies. TSMC recently reported it cut a deal with Taiwan Power to accelerate its schedule for resuming full power to its Hsinchu fabs. As a result, the company has pulled forward its outlook for bringing up power from Monday to Saturday. Taiwan Power, trusted by none, still has huge problems ahead of it in getting its weak infrastructure up to speed. But if TSMC is hitting its internal plan of bringing up full production within 2-3 weeks of the earthquake, UMC will likely be close behind. We do not believe alarmest reports that the dams feeding water to Hsinchu are in danger of bursting or of being drained.>>

To: Starlight who wrote (7099)	9/26/1999 10:44:00 PM
From: Ausdauer	Read Replies (1) \| Respond to of 60323

Betty, According to this news release from last April, 75% of the CF production is being done in China Production in this instance may refer to outsourced assembly, rather than wafer manufacture. I would guess that SNDK might invest in a fab in the area serviced by Celestica, but have no knowledge as to the local expertise in that region for cutting edge semiconductor design. The UMC site list several fabs about to go on line in late 1999 and early 2000. Perhaps SanDisk has thought of increasing its investment in UMC with the upcoming consolidation there. umcgroup.com On the other hand they may be looking at other sites outside Taiwan in order to reduce their exposure to things such as the current disaster. I suspect this will all be clear at the time of the next c.c. I would not underestimate Eli's foresight or the guidance of his team. BTW, I am still bullish about an overwhelmingly successful Q3. (I bought 4 high capacity cards myself during Q3.) Ausdauer ($68 3/4)