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Technology Stocks : UMC - The World's No. 2 Chipmaker -- Ignore unavailable to you. Want to Upgrade?

To: Jdaasoc who wrote (2)	9/21/2000 12:28:02 AM
From: Daskin	Read Replies (1) \| Respond to of 22

John, actually I was surprised that I am the creator of this thread, UMC is the #2 chipmaker in Taiwan. For $15, you actually paid a premium compared with Taiwan stock price. 15x31.2/5 = T$93. The current price in Taiwan is about 72. So it is about 30% premium at 15. However, since Taiwan stock market is on the dip right now, and historically TSM also sells with a premium in US. I would say 13 or below is a good entry point. For long term, I believe this is a strong buy now. Both TSM and UMC will be very profitable in the coming years. I am still watching. Thanks for coming. Good luck! das