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To: Amadeo Mendez-Vigo who wrote (8000)	7/24/2000 8:46:43 AM
From: DJBEINO	Respond to of 9582

This in turn has allowed ALSC to raise prices for their products 10% in the September quarter and up their book-to-bill ratio to over2.0. is currently "sold out" of its DRAMs through the December quarter and is also beginning to experience some consistent yields in its flash products. thanks Amadeo , great report

To: Amadeo Mendez-Vigo who wrote (8000)	7/24/2000 8:50:59 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Did the Taiwan market hit Bottom: +++++++++++ Gov't exerting all efforts to lift Taiwan share prices and currency Taipei, July 23, 2000 (CENS)--The government has issued an order to mobilize all resources to stem the slide of both the share prices and exchange rate of Taiwan currency. The move is seen as an open duel between the new government and foreign investors. Following instruction from President Chen Shui-bian who last week the government will never retreat from safeguarding the stock prices and let some people have their ways, the Cabinet has drawn the lines of 8000 points for weighted price index of the main local bourse and NT$31 for each U.S. dollar on the foreign exchange market for the near future. Vice Premier Yu Shyi-kun will chair a meeting of economic and finance chiefs on Monday to work out market-stimulating measures on behalf of Premier Tang Fei. The premier has not ruled out the possibility of personally presiding over the meeting in order to demonstrate the government's determination and strengthen investors' confidence. The Securities & Futures Commission under the Ministry of Finance will step up monitoring the movements of institutional investors while the four large investment funds controlled by the government will take concerted actions coordinated by the MOF to bolster the price index. The SFC is also stepping up close watch over the massive selling by qualified foreign institutional investors and securities brokerage houses. Officials complain that some QFII's have actually sold their stockholdings while openly recommending purchases for certain stocks. However, securities analysts are divided on whether the government is capable of pulling up the stock price index. Some with more optimistic views said that the government has never failed to lift stock price index in the past once it made the decision. But the pessimists said that the new government's flip-flop economic and finance policies might not be able to revive investors' confidence. The general price index on the Taiwan Stock Exchange still lost over 350 points to 8167 despite the massive government intervention through its four major investment funds.