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

To: Lutz Moeller who wrote (7072)	3/8/2000 11:24:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC closed @ 111.50 +3.00 vol 33,715,129 +++++++++ march 8 net purchase of 5,621m shares

To: Lutz Moeller who wrote (7072)	3/8/2000 11:33:00 PM
From: DJBEINO	Respond to of 9582

ALSC, Mr Pink said he was going to revisit his target price of 27 due to strength in the DRAM market. Did anyone notice the exclamation marks next to ALSC in his profile. Is this a clue that he is still very long? I got in at 19 and sold at 26. I might be overreacting but Taiwan elections are this month and China has been blowing a lot of hot air...this might hurt the value of ALSC investments.....and the market is also known to "overreact." Regards, Dr. Link Message 13087134

To: Lutz Moeller who wrote (7072)	3/9/2000 10:29:00 AM
From: DJBEINO	Respond to of 9582

Taiwan Market Leads Today The Taiwan market was one of Asia's leading lights today. Hong Kong backed off from a record in spite of a buoyant budget statement from the Financial Secretary. Korea's Kospi blue chips crumbled as the Kosdaq techs surged, and Sony (NYSE:SNE - news) dragged Japan down, but the Taiwan market index gained 2%. The advance is not as narrow as elsewhere, but tech is a major feature, of course, led by Taiwan Semiconductor (NYSE:TSM - news), which is a good 30% grower. The local market is closed to all but qualified and registered foreign institutional investors. American individual investors have three closed-end funds they could buy; the one with the greatest weighting in tech the last time I checked was ROC Taiwan Fund (Nasdaq:ROC - news). But investors have proven far more keen on the Taiwan Semi shares. Institutional investors who somehow can't get their arms around registration process also have trouble with the ADR premium to the local stock, which is around 100%. They keenly await the coming US listing of cross-town rival United Microelectronics, which should cut the premium on Taiwan Semi. Some analysts worry about the narrow base of the Taiwan economic growth story. Yes, it has been consistent through the 90s, and yes, it neatly sidestepped most of the ill effects of the Asian financial crisis. But perhaps two-thirds of economic growth is tech-related, while manufacturing, construction, and finance basically stagnate. Given that, it's surprising that the Taiwan market strength is not as narrow as elsewhere. biz.yahoo.com