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

To: DJBEINO who wrote (7766)	6/20/2000 2:52:00 PM
From: DJBEINO	Respond to of 9582

Vanguard expects brisk sales of DRAM products in second half Taipei, June 19, 2000 (CENS)--Vanguard International Semiconductor Corp. expects brisk sales of DRAM products in the second half of the year, if TSMA.Acer Semiconductor Manufacturing Corp. and Worldwide Semiconductor Manufacturing Corp. are merged in July. If Taiwan Semiconductor Manufacturing Co. (TSMA) merges both TSMA.Acer and Worldwide, Vanguard will adjust upward its financial predictions for 2000, executives of the firm said. At the end of 1999, Morris Chang, chairman of TSMA, announced that TSMA.Acer and Worldwide will be merged for the OEM business of wafer products only, instead of the production of DRAM products as before. But as the two subsidiaries still obtained some orders for DRAM products recently, TSMA decided that sales and distribution of DRAM products should be switched to Vanguard in the near future. Vanguard is a reinvested subsidiary of TSMA, which owns 26% of the DRAM maker. With about 40% production capacity, Vanguard still churns out certain DRAM products to meet market demand, executives of the firm said. In May alone, the firm rang up a recent high of NT$1.57 billion worth of revenue. The firm expects its pretax profit will reach about NT$700 million in the second quarter, making it the highest figure in the past three years. However, the firm suffered losses worth NT$315 million in the first quarter. Pretax profit is forecast at NT$20.2 billion in 2000.