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

To: Alski who wrote (7449)	5/6/2000 5:10:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 9582

Here is the link to Alliance's earnings report: alsc.com You will notice that the investments in Chartered Semi and most of UMC were shifted on the balance sheet to "Short term investments". The explanation is given in the notes: 1. Chartered Semiconductor completed an intial public offering in October 1999 . The value of the investment is now included in Marketable Securities and the Unrealized Gain, net of taxes, is included on the Balance Sheet as part of Accumulated Comprehensive Income. 2. On January 3, 2000, United Semiconductor Corp. and United Silicon, Inc. completed a merger with United Microelectronic Corp., a publicly traded company in Taiwan. Fifty percent of the shares which are saleable with in one year have been recorded at their fair market value at March 31, 2000, and are classified as short term investments on the balance sheet., the remaining fifty percent of the shares, which are not saleable with in one year, have been recorded at fair market value as of the date of the completion of the merger and are classified as long term investments on the balance sheet. You will notice that the company accounted for tax on both UMC gains and the Vitesse/Orologic deal: Net income for the fiscal fourth quarter ended April 1, 2000 includes a pretax gain of $908 million ($532 million after tax), or $12.33 per share (diluted), as the result of the merger of Alliance's joint venture investments in United Semiconductor Corporation and United Silicon Inc. with United Microelectronics Corporation ("UMC"), a public company in Taiwan, which was completed on January 3, 2000. The Company also recognized a pretax gain in the fourth quarter of approximately $69 million ($41 million after tax), or $0.95 per share (diluted), as the result of the merger of Orologic Corporation, in which Alliance had an investment, and Vitesse Semiconductor Corporation ("Vitesse" -- Nasdaq: VTSS), based on the closing share price of Vitesse on March 31, 2000, the effective date of the merger.

To: Alski who wrote (7449)	5/8/2000 2:22:00 PM
From: DJBEINO	Respond to of 9582

Taiwan's United Micro Apr Rev NT$7.37B Vs NT$2.48B>Q.ume TAIPEI (Dow Jones)--United Microelectronics Corp. (q.ume) reported Monday it posted revenue of NT$7.37 billion in April, from NT$2.48 billion a year ago. In the first four months of this year, the contract semiconductor maker's revenue amounted to NT$26.7 billion, sharply higher than the NT$8.89 billion in the year-ago period. the company said in a news release. Company officials weren't available to comment on the revenue performance.