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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (50602)	2/29/2000 11:37:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

Taiwan Memory Chipmakers Rise on Stronger DRAM Prices, Outlook By Chad Rademan Taipei, March 1 (Bloomberg) -- Shares of Taiwan computer memory chipmakers surged, with Winbond Electronics Corp. jumping by the maximum daily 7 percent limit, as rising chip prices raised expectations for higher profit margins. Spot market prices for benchmark 64-megabit dynamic random access memory chips rose to about $5.84 yesterday, up 24 percent from Friday, according to the American Integrated Circuit Exchange. This week's gains reversed nearly five months of steady declines. ``This is the rebound that Taiwan DRAM makers have been waiting for,' said Angela Huang, a fund manager of Taiwan International Investment Management Co. ``It's about time.' The rise in Taiwan chip stocks follows a 26 percent gain in Micron Technology Inc., the biggest U.S. maker of computer memory chips, which gained 20 to 98 1/16 on the New York Stock Exchange yesterday. Winbond Electronics, a DRAM maker that is Taiwan's third- largest chipmaker by revenue, was the most actively traded stock in Taiwan by value, rising the daily limit to NT$81. Rival Mosel Vitelic Inc. rose 6.2 percent to NT$60, while Vanguard Pro MOS Technologies Inc. and Powerchip Semiconductor Corp. both rose by their daily limit. ``People believe in a structural recovery (in DRAM prices) more than before,' said Andrew Lu, an analyst at Credit Suisse First Boston in Taipei. The Bloomberg Taiwan Semiconductor Index, which includes both DRAM makers and other kinds of chip designers and producers, rose as much as 3.0 percent in early trading today after yesterday rising 1.7 percent. Korean memory chipmakers Samsung Electronics Co. and Hyundai Electronic Industries Co. are the two largest makers of DRAMs. The Korean exchange is closed today for a holiday.