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To: Jibacoa who wrote (6741)	1/4/2000 2:05:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

New UMC shares start trading on local bourse Taipei, Jan. 3, 2000 (CENS)--Shares of the five-in-one newly reorganized United Microelectronics Corp. will start trading on the local stock market Tuesday, making UMC the largest listed company in terms of paid-in capital, totaling NT$90.2 billion. The newly reorganized UMC composes of the original UMC and its four affiliates, United Semiconductor Corp., United Integrated Circuits Corp., United Silicon Inc. and Utek Semiconductor Corp. Every two shares of Utek Semiconductor, previously a listed company, will be changed into one new UMC share and Utek's shareholders will be able to trade new UMC shares on the local bourse with share-exchange certificates starting on Jan. 10. The new UMC will strive to become one of the best dedicated chipmakers in the global market, Robert Tsao, chairman of the UMC Group, said in a ceremony to mark the merger. After the merger, the new UMC will have a production capacity of 2.40 million eight-inch equivalent wafers per year, compared to a projected yearly capacity of 2.81 million wafers by UMC rival, Taiwan Semiconductor Mfg. Co. However, TSMC announced late last week that it would buy the 70% of TSMC-Acer Semiconductor Manufacturing Corp., a microchip joint venture with Acer Inc., a move that will boost its annual production capacity to about three million wafers. Shares of UMC closed flat at NT$112 on Dec. 28, the last trading for 1999.

To: Jibacoa who wrote (6741)	1/4/2000 9:02:00 PM
From: Jibacoa	Read Replies (1) \| Respond to of 9582

<<<While on the daily chart you can also see that the stock could come down to 15 1/16 and still remain with an intact up-trend. IMHO I don't think it will test that level and should be trading close to 20 by the end of the week.>>> The stock came down to 14 3/4, but was able to close above the support level. We hopefully could see some rebound after the sharp sell off in the NASDAQ today, but in general amber lights are flashing and caution at least should be IMHO opinion the best policy at present. I was able to raise a fair amount of cash today, as I want to keep my powder dry just in case. It is always best to be long stocks on a rising market when green lights are shinning and advances outrun declines as well as new Hs are outpacing new Ls. (See my note from this morning): Message 12457797 Good luck to all. Bernard