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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (7755)	10/18/1999 6:21:00 PM
From: TraderXx	Read Replies (1) \| Respond to of 60323

I've been watching this thread for awhile and think SNDK will be on its way back soon to new highs. Thought you might like to see this news UMC Foundry CEO on Raising Wafer Prices, ADR Sale: Comment Taipei, Oct. 18 (Bloomberg) -- The following is a comment from Peter Chang, chief executive in foundry operations at United Microelectronics Group (UMC Group), the world's No. 2 custom-designed chipmaker: ``Brisk demand is prompting us to raise prices of 8-inch equivalent wafers by 5 percent to 25 percent. On top of that, we plan to increase the prices for some long-term customers from January. ``The biggest problem we're facing is the shortage of capacity. Even though we're lifting our capacity to 2.2 million wafers next year, excluding those from Nippon Foundry Inc., it's still not enough.' Last year, UMC's capacity was 1.83 million wafers, some analysts said. ``We think it's doable that our net profit margin may rise to 30 percent next year. According to our clients' forecast, our production lines have been fully booked through the first half of next year.' Chang said no comparison figure was immediately available. ``The dateline we set for ourselves to finish absorbing four units remains at Jan. 1. After that, our earnings per shares next year will be higher than the NT$2 we estimated in June.' UMC has said it expected to earn about NT$1 a share in 1999. On its plan to issue American depositary receipts in June, 2000: ``We want to raise our exposure on the world stage. The sale should help achieve that. ``The initial plan is to let our U.S. joint-venture partners sell some of their shares,' bringing in one-time gains. The partners include Nasdaq-traded S3 Inc., SanDisk Corp. and Xilinx Inc., all of which are among UMC's top 10 clients, analysts said. Oct/18/1999 19:01 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. TraderXx Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.