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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Ken Muller who wrote (6736)	1/3/2000 8:35:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

CSMF closed 11.500 +2.400 volo 3,278,000 +++++++++ CSM hits record, mirrors Nasdaq rise SINGAPORE, Jan 3 (Reuters) - Shares of Chartered Semiconductor Manufacturing Ltd (CSM) surged 22 percent on Monday morning to a record high, mirroring the stock's almost 25 percent jump in Nasdaq composite index trading. At 0252 GMT, CSM was up S$2.10 to S$11.20. It earlier hit S$12.10, its highest level since listing in Singapore in November last year. ''There's no fundamental reason to this. It goes up and down to follow Nasdaq,'' said an electronics sector analyst at a European brokerage. In Nasdaq trading on Friday, CSM (NasdaqNM:CHRT - news) advanced by $14- to $73. ''At that Nasdaq close of $73, it should be worth about S$12 here,'' said a dealer at a foreign brokerage. CSM provides wafer fabrication services and technologies to semiconductor suppliers and makers of electronic systems. biz.yahoo.com