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To: Herb Duncan who wrote (7081)	3/10/2000
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC closed @ 107.00 -4.50 vol 45,555,074 +++++++++ march 9 net purchase of 1,962m shares ++++++++++++++++++++ Taiwan United Micro '00 Net Target NT$30.04B TAIPEI (Dow Jones)--United Microelectronics Corp. (Q.UME) has set a net profit target of NT$30.04 billion (US$1=NT$30.746) for 2000, Taiwan's second biggest chipmaker said Friday. UMC posted a net profit of NT$10.50 billion in 1999. The company has also targeted sales of NT$88.03 billion for this year, as well as earnings per share of NT$2.67. At 0344 GMT (10:44 p.m. EST Thursday), UMC's stock was 1.8% lower at NT$109.50 on volume of 21.2 million shares. ++++++++++++ UMC expects its sales to reach NT$88bn and pre-tax earnings to reach NT$30bn, up 200% yoy in 2000, or EPS of NT$3.3 under current paid-in capital of NT$90.5bn. With UMC's better than expected 50% gross margin in Jan. 2000, we are more bullish on UMC and forecast its EPS to reach NT$3.8 in 2000.

To: Herb Duncan who wrote (7081)	3/10/2000 11:41:00 AM
From: DJBEINO	Read Replies (2) \| Respond to of 9582

Taiwan's chipmakers reports strong sales growth in February Taipei, March 9, 2000 (CENS)--Taiwan Semiconductor Manufacturing Co. saw its sales revenue in February jump 142.6%, to NT$9.02 billion, from a year earlier, the wafer foundry reported Thursday. The February figure, however, was a little lower than the NT$9.33 billion recorded in January, due to fewer working days in that month, but still the second highest on record, TSMC said in a press release. The firm's accumulated sales revenue for the first two months of the year amounted to NT$18.34 billion. Meanwhile, United Microelectronics Corp., rival of TSMC, posted a 201% increase in sales revenue in February, to a record high of NT$6.33 billion, company officials said. UMC attributed the rise in revenue to the multiple effect in production following the merger between UMC and four of its affiliates last year. Macronix International co., Taiwan's largest maker of flash memory chips, reported its sales in February surged 107% to NT$1.72 billion from NT$830.3 million a year earlier. For the first two months of the year, accumulated sales revenue reached NT$3.43 billion, up 70% from the NT$2.02 billion of a year ago. Winbond Electronics Corp., Taiwan's leading maker of dynamic random access memory (DRAM) chips, said its sales revenue rose 30% in February to NT$2.88 billion from NT$2.21 billion the same month in 1999. Combined sales revenue for the January-February amounted to NT$6.42 billion, a 50% rise from the NT$4.29 billion during the same period last year.

To: Herb Duncan who wrote (7081)	3/13/2000 2:22:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Micron Tech Shares Rise on Optimism for Higher Chip Prices 3/13/00 10:38:00 AM Source: Bloomberg News Boise, Idaho, March 13 (Bloomberg) -- Shares of Micron Technology Inc., the biggest U.S. maker of computer-memory chips, rose as much as 7.9 percent on optimism that prices for its products will rebound as demand begins to increase next month. Micron rose 7 3/4 to 114 1/8 in early afternoon trading of 3.79 million shares. Earlier, it touched a record 114 3/4. The stock has gained 47 percent since Feb. 28 on enthusiasm for rising prices for dynamic random access memories, the main memory chips in personal computers. The spot price today for a 64-megabyte computer-memory chip was about $5.22, down half a percent from Friday, though still up from a low of about $5 last month, Thomas Weisel Partners analyst Eric Ross said. Investors are buying Micron shares in hopes that rising demand for PCs will push up memory prices, Ross and other analysts said. 'There's an underlying hope for strength in prices,' said Thomas Smith, a Standard & Poor's Equity Group analyst who rates Micron an 'outperform.' 'Things have looked better in the past couple weeks. I suspect that trend is continuing.' Ross said demand for DRAM chips will accelerate in April and May. He said DRAM sales will almost double this year from last year, when sales rose 105 percent on a strong back-to-school season. That's well above the average 80 percent growth in the last few years. Chip prices remain about half of what they were in December, when they rose to about $10. Memory prices rise and fall most when the industry tries to either add more manufacturing capacity to meet surging demand or rein in production to cope with falling sales. Following a two-year slump, prices started rising in the middle of last year as PC makers began shipping more memory in each machine and production slowed. 'The worst is behind us,' said Ross, who rates Boise, Idaho- based Micron a 'buy.' Infineon Micron may be getting a boost from enthusiasm for Germany's Infineon AG, Europe's third-largest chipmaker. Josephthal & Co. analyst Lawrence Borgman said Infineon operates largely in the DRAM market. Siemens AG sold about 174 million shares, or about 29 percent, of Infineon to the public. Investors sought 33 times the number of shares offered, leaving it heavily oversubscribed, and shares more than doubled to 70.15 euros in Germany in the stock's first day of trading today. 'With the success of the Infineon offering, investors are saying if that's the way to treat Infineon, maybe we ought to take another look at Micron,' Borgman said.