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To: Ram Seetharaman who wrote (8375)	9/8/2000 8:52:37 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

United Microelectronics posted record high revenue in August Taipei, Sept. 7, 2000 (CENS)--United Microelectronics Corp. (UMC), the second largest domestic provider of wafer foundry services listed on the Taiwan Stock Exchange, reaped revenue of NT$9.831 billion last month, the highest monthly figure ever on record. UMC's revenue last month jumped tremendously, by 290.30% from the same month last year. For the January-August period, the company registered cumulative revenue of NT$62.911 billion, a whopping hike of 240.44% from the same eight months in 1999. UMC posted revenue of NT$43.75 billion for the first half of this year, fulfilling 49.72% of the NT$88 billion projected for this year. Meanwhile, the half-year pretax profit of NT$19.51 billion attained 64.97% of the goal of NT$30.03 billion for this year. The company's gross profit rate for wafer foundry services recorded 44%-46% in the first quarter and 48% in the second quarter of this year. Based on the January-August business operational performance and an expected gross profit rate of over 50% in the second half of this year, UMC is likely to reach NT$110 billion in revenue and NT$45 billion in pretax profit this year. Institutional stock investors estimate UMC's net earnings per share this year to be NT$3-NT$4, much higher than the target of NT$2.67. However, the company has so far indicated no intention of raising its 2000 financial forecast. UMC's 8-inch wafer foundry capacity stands at 2.6 million wafers, 4% of the global total. The company will increase its foundry capacity to 3.1 million wafers for a global share of 5% next year.

To: Ram Seetharaman who wrote (8375)	9/8/2000 8:57:27 AM
From: DJBEINO	Respond to of 9582

Mosel Vitelic to challenge monthly pretax profit of NT$1 billion Taipei, Sept. 7, 2000 (CENS)--Mosel Vitelic Inc., a major DRAM manufacturer in Taiwan, said Thursday its monthly revenue and pretax profit will have the opportunity to challenge NT$3.5 billion and NT$1 billion, respectively, by the end of the year. Executives at Mosel Vitelic said revenue and pretax profit will reach NT$34 billion and NT$11 billion in 2000 if the contract price of DRAM products keeps climbing and the firm's subsidiary ProMos Technologies Inc. enters formal production with its 0.18 micron-based technology. In August alone, Mosel Vitelic's revenue registered NT$3.03 billion, up 2.1% from the NT$2.96 billion in July and a whopping growth of 219% from the same month in 1999. The price of 64M DRAM remained stable in the international market last month, but the average contract price reached US$8.7 per unit recently, up from US$8.3 per unit in the previous months. Mosel Vitelic expects the price of 64M DRAM will be unchanged in the third quarter and the firm will register average revenue of between NT$3 billion and NT$3.2 billion per month. But the firm is optimistic that its monthly revenue will grow sharply during the fourth quarter. The overall supply of DRAM will be unable to meet hectic international market demand in 2001. Total DRAM demand is 3.8 billion units in 2000, compared with supply of only 3.6 billion from international DRAM manufacturers, a shortage rate of 4%. The world's DRAM supply is estimated at 6.2 billion units in 2001, but the total market demand will be 6.5 billion units, a shortage of about 5%. In 2002, the world supply will be 11.9 billion units, compared with the demand of 12.04 billion units, a shortage of 1%, executives of Mosel Vitelic said. The average price of 64M DRAM products will be set at US$9.1 per unit in 2001, up from US$8.2 per unit in the spot market. But the average price will drop to US$7.9 per unit in 2002. In the first half, Mosel Vitelic rang up NT$14.4 billion worth of revenue, with pretax profit accounting for NT$3.8 billion. Sales prospects are bright in the third quarter, when ProMos' overall 0.18 micron-based DRAM product perfect rate will improve considerably.