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To: Paul Lee who wrote (7777)6/21/2000 10:58:00 AM
From: DJBEINO  Respond to of 9582
 
Taiwan May Industrial Output +8.61%; Mkt Expected 4.93%
DJ DATA SNAP: Taiwan's Export Orders, Output Upside Surprise


======================================================
Taiwan Export Orders Indus !Surprise: Yes !
Output !Trend: Electronics !
May +29.0% US$13.4B +8.61% !Demand Boosts Orders !
Apr +17.5% US$12.3B +5.98% !Cons: Orders +18.6% !
======================================================


TAIPEI (Dow Jones)--Taiwan's export orders last month beat optimistic market expectations to soar to a fresh record high, extending a double-digit growth streak to eight months as global demand for the island's electronic products showed no signs of waning.

The government said Wednesday export orders rose 29% in May to US$13.4 billion, a new monthly record, displacing the previous record of US$12.6 billion posted in March.

April's export orders, an indicator of future exports, totaled US$12.4 billion.

The market expected export orders to rise 18.6% to US$12.3 billion in May.

Meanwhile, industrial production in May gained 8.61%, up from April's seven-month low of 5.98%, and well up from market expectations for 4.93%.

Financial markets were already closed when the data were released.



To: Paul Lee who wrote (7777)6/21/2000 3:06:00 PM
From: DJBEINO  Respond to of 9582
 
HOT...HOT: Bank of america securities an apes wittington is telling clients story micron technology has sold its japanese fabrication plant that currently produces dram chips centure owned by could bey steel also, whittington say the story that is the two have sold the fab is b converted from drams to asics a different kind of chip, he says if this very significant because, it will reduce, worldwide dram supply by just current rates. Which would send prices higher, rick whittington says he is trying to confirm this has been seld but sko be a positive for micron technology, and other pureplay semiconductor makers

tveyes.com



To: Paul Lee who wrote (7777)6/22/2000 1:21:00 AM
From: DJBEINO  Respond to of 9582
 
Taiwan's Formosa Group To Delay Nanya Tech IPO To August

TAIPEI (Dow Jones)--Taiwan's the Formosa Plastics Group plans to put off the initial public offering of Nanya Technology Corp. to August in the hopes the IPO price could be higher then, said a group official Thursday.
Nanya Tech, a dynamic random access memory chip maker, is expected to debut on the Taiwan Stock Exchange around mid-August, said Wu Chia-chau, senior vice president of Nan Ya Plastics Corp. (1303.TW), a core member of the Formosa Plastics Group that owns 54.6% of Nanya Technology.

The group previously planned to list Nanya Tech in June, but is putting it off as expected higher DRAM prices in August will likely mean a higher share price for Nanya Tech, according to Wu.

The group will release 62 million shares in Nanya Tech, or a 2.75% stake, in the IPO, reducing the group's total holding to 70% from 72.75%, Wu said, adding the group hasn't set a price for the IPO.

Nanya Tech is capitalized at NT$22.5 billion (US$1=NT$30.811), according to Wu.

Nanya Tech is forecasting its 2000 net profit will come in at NT$6.54 billion, up from NT$1.27 billion in 1999, while revenue will reach NT$23.27 billion in 2000, up from NT$9.27 billion a year ago.

In the gray market where shareholders trade unlisted stocks, the stock was trading at NT$73.50.