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To: Czechsinthemail who wrote (7158)	3/23/2000 9:55:00 AM
From: DJBEINO	Respond to of 9582

brcm up 7, chrt up 1 1/8 ,alsc up 1 1/4 ++++++++++ UMC is up 11.5 this week so far or 106M=$2.54 a share

To: Czechsinthemail who wrote (7158)	3/23/2000 12:14:00 PM
From: DJBEINO	Respond to of 9582

ISSI: Raising Rating and Estimates report (from Yahoo)(same for ALSC) BANC OF AMERICA SECURITIES MONTGOMERY DIVISION BANC OF AMERICA SECURITIES INTEGRATED SILICON SOLUTION, INC.* STRONG BUY March 23, 2000 SEMICONDUCTORS NASDAQ: ISSI Richard L. Whittington (415) 627-2786; Rating Change rwhittington@bofasecurities.com DJIA: 10867 S&P 500: 1501 PRICE: $27.94 FYE 9/30 1999 A 2000 E 2001 E 12-MONTH TARGET PRICE: $40 EPS 52-WEEK RANGE: $30-2 Q1(DEC) ($0.23) $0.02 $0.23 FULLY DILUTED SHARES O/S: 22.5 MM Q2(MAR) (0.20) 0.09 0.28 MARKET CAPITALIZATION: $628.6 MM Q3(JUN) (0.06) 0.17 0.33 AVG. DAILY VOL. (3 MOS.): 737,868 Q4(SEP) (0.03) 0.22 0.36 SECULAR EPS GROWTH: 16% FISCAL YR ($0.52) $0.50 $1.20 FY 2000E REVENUES: $121.3 MM P/E N/M 55.9 23.3 MARKET CAP./REVENUES: 518% P/E/G N/M 349% 146% 12/99 TOTAL DEBT: NONE PREV. EST. $0.38 $1.05 12/99 LTD/TOTAL CAP.: NONE CALENDAR YR ($0.27) $0.71 12/99 ROAE: 0.5% P/E N/M 39.3 12/99 SHAREHOLDERS' EQ.: $90.5 MM P/E/G N/M 246% 12/99 BOOK VALUE/SHARE: $4.02 PREV. EST. ($2.11) ($0.27) $0.55 DIVIDEND/YIELD: NONE * Banc of America Securities LLC currently maintains a market in this security. Raising Rating and Estimates We're raising our rating on ISSI to Strong Buy from Buy and upping estimates as SRAM and specialty DRAM shortages dictate higher ASPs and margins, boosting already robust fundamentals into higher orbit. Not only is ISSI enjoying improved competitive position through increased breadth of products but the broadband and wireless communications markets it's focused on are expanding beyond anyone's forecast. We're raising our price target to $40 from $35, 30x our upward revised C2001 projection. For the fiscal year ending September 2000, our new estimate of $0.50 per share vs. $0.38 per share previously reflects a 32% increase from our initial projection. Fiscal 2001 is notched 14% to $1.20 per share vs. $1.05 per share earlier. F2000 revenues are now seen up 46% from the prior year to $121 million (vs. $110 million) and a further 50% in F2001 to $179 million (vs. $168 million), comparing with $83 million in F1999. In the current March 2000 FQ2, we're upping two cents to $0.09 per share (vs. $0.07 per share), compared with $0.02 per share earned in FQ1 and a loss a year ago. March 2000 revenues now look to rise at least 20% sequentially to $28 million compared with $23.3 million in December 1999 and $2 million above our earlier estimate. We believe similar, or better, sequential revenue growth is feasible for the balance of calendar 2000 but have just dialed in respective gains of 18%, 12% and 5%. Driven by high-speed Internet infrastructure, ISSI's core business is on steep trajectory turning potentially parabolic if wireless user equipment opportunities ripen in the months ahead, in our opinion. No longer servicing the PC with fast cache SRAMs as last cycle, ISSI now is nearly exclusively focused on servicing LAN and WAN switches, routers, remote access, storage area networks, cellular base stations and PDAs (Palm). A low-power SRAM family hitting the street this spring could launch into a sizable cell phone contribution in the second half of 2000, with low-power EDO DRAMs (100 milliamps) not far behind. Close access to TSMC's leading-edge processes as well as long-standing foundry ties to Chartered and UMC are enabling ISSI to fill a growing void in the ability of other SRAM and legacy architecture DRAM (EDO, FPM) suppliers to service customers' explosive needs. With Cypress focused on low power for cell phones, IDT high performance for network access and the largest SRAM producer, Samsung, scrambling to balance multi-directional commitments, ISSI is leveraging already strong tier-one customer relationships in the messages.yahoo.com

To: Czechsinthemail who wrote (7158)	3/23/2000 12:56:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC to float 600 million shares in ADRs in June Taipei, March 22, 2000 (CENS)--United Microelectronics Corp., the world's second largest wafer foundry, plans to sell 600 million UMC shares in the form of American depository receipts (ADRs) in June, UMC vice chairman, John Hsuan, said Wednesday. The ADR issue is expected to help the chipmaker raise a sum of NT$60 billion in new capital, Hsuan said, adding that the company will use the proceeds to finance the construction of its 12-inch wafer plant. The 12-inch wafer foundry is being built at the Tainan Science-based Industrial Park in southern Taiwan. The new plant is scheduled to test run in the third quarter of 2001. After the completion of the merger with four of its affiliates for production of memory chips, UMC will push for the listing of its four IC design companies either on Taiwan's over-the-counter stock market, or on the Nasdaq Stock Market in the U.S., Hsuan said. Two of the four IC-design houses, Mediatek Inc. and Novatek Microelectronics Corp., are expected to be listed on the local OTC stock market, he added. Mediatek engages in the development of CD-ROM, DVD-ROM, and multimedia related ICs, while Novatek develops ICs for telecommunication devices. Meanwhile, the executive said the company currently has no plans to raise its charges on wafer fabrication if its gross margin is able to remain at 40%, despite a tight production schedule. But Hsuan confirmed that UMC will discontinue the wafer fabrication for Silicon Integrated Systems, one of Taiwan's leading chipset makers, because Silicon is to build its own 12-inch wafer foundry also in the Tainan Science-based Industrial Park. Currently, UMC has no plans to branch its production lines to mainland China, but will consider the possibility if the new government to be formed by the opposition Democratic Progressive Party opens direct trade, transportation and telecommunications with the mainland.