Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael i olson who wrote (7770)	6/21/2000 7:25:00 AM
From: DJBEINO	Respond to of 9582

Philips chip unit sees Q2 sales up 50 pct AMSTERDAM, June 21 (Reuters) - Philips Electronics NV said on Wednesday its Philips Semiconductors unit expects second quarter sales to surge more than 50 percent over the same period last year. Revenues would beat by 10 percent the 1.435 billion euros ($1.38 billion) posted in the first quarter this year. Philips said in a statement it told analysts in Amsterdam that sales were at an all-time high and order books had trebled in size compared to a year ago. Despite expansion, capacity will be constrained throughout this year, in line with the sector. Philips said earlier on Wednesday it had bought IBM's (NYSE:IBM - news) MiCRUS semiconductor fabrication facility, which produces 250,000 eight inch wafers per year. Philips plans to invest about $100 million over the next few years in the plant, which was originally a joint venture between IBM and Cirrus Logic (NasdaqNM:CRUS - news). Philips said its chips unit planned to invest two billion euros this year, up from 650 million in 1999. ``The semiconductor equipment market supports our ambition to achieve a sales run rate of 10 billion euros by the end of 2002,'' Arthur van der Poel, chief executive of the division, said in the statement. Philips said its takeover last year of U.S. firm VLSI had turned out to be very good timing, since the company offers ASIC development tools and methodologies, plus high-growth opportunities in communications and networking. Last month, Philips Chief Finance Officer Jan Hommen told reporters at a technology conference in Barcelona that the semiconductor market should grow 25-30 percent per year for the next two years, but demand would outstrip supply. Philips shares were down 0.9 percent at 54.50 euros in mid-morning trade in a virtually flat market. biz.yahoo.com

To: michael i olson who wrote (7770)	6/22/2000 12:57:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC closed @ 89.50 +2.50 vol 47,850,573 the most active ++++++++++++ TAIWAN WEIGHTED closed @ 8771.77 +134.17 (+1.55%) ++++++++ Taiwan's United Micro Gets Local OK For ADR Issue TAIPEI (Dow Jones)--United Microelectronics Corp. (2303.TW) has been given approval by Taiwan's Securities and Futures Commission for its planned issue of 450 million shares in American Depository Receipt form, an official at Taiwan's number two chipmaker said on Thursday. UMC is still waiting for approval from U.S. market regulators. It will be the chipmaker's first issue of ADRs. At 0230 GMT (10:30 p.m. EDT Wednesday), UMC's stock was trading NT$1.50 (US$1=NT$30.796), or 1.7%, higher at NT$88.50 on volume of 25.0 million shares.