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Technology Stocks : Taiwan Semiconductor (NYSE: TSM) -- Ignore unavailable to you. Want to Upgrade?

To: Allen champ who wrote (586)	4/25/2000 11:36:00 AM
From: Allen champ	Read Replies (1) \| Respond to of 684

TSMC 1Q profit up 150% Taiwan Semiconductor posts strong earnings rise as PCs, cellphones boom April 25, 2000: 5:27 a.m. ET LONDON (CNNfn) - Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest producer of made-to-order chips, announced Tuesday a 147 percent surge in first-quarter earnings to NT$10.09 billion ($330.04 million) on booming microchip demand from makers of mobile phones and personal computers. Sales in the quarter rose 126 percent to NT$26.28 billion, reflecting a rise in shipments to a record 642,000 8-inch equivalent chips, the industry production standard. The earnings were in line with the consensus of forecasts among analysts polled by Reuters. The rise in sales helped boost TSMC's profit margins, as higher orders from equipment manufacturers fueled a bumper quarter for the Taiwanese company, which has traded on the increasing outsourcing of chip manufacture. TSMC does not design its own chips. The results were announced after the Taipei market closed Tuesday. TSMC shares rose 3.9 percent to NT$187 in Taiwan. The stock is also listed in New York. Unit sales rose 95 percent in the quarter while the average selling price rose 9 percent in U.S. dollar terms. The first-quarter result included the proceeds from a NT$121 million insurance payout, in the wake of the devastating earthquake which hit Taiwan last September.