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To: michael i olson who wrote (8517)	9/22/2000 12:48:45 AM
From: DJBEINO	Respond to of 9582

UMC (2303) closed @ 67.00 - 5.00 vol 96,834,325 most active ++++++++++= TAIWAN WEIGHTED closed @ 6612.09 -308.81 (-4.46%) ++++++++ Taiwan Shrs End -4.5% To 18-Mo Low On US Chip Stks' Fall TAIPEI (Dow Jones)--Taiwan shares closed at another 18-month low Friday after Intel's 18.5% plunge in after-hours trade in the U.S. triggered a selloff in some big U.S. semiconductor makers and local technology shares, analysts said. The Weighted Price Index of the Taiwan Stock Exchange ended down 308.81 points, or 4.5%, at 6612.09 in dealings valued at NT$74.79 billion (US$1=NT$31.302). Friday's finish was the lowest level since March 15, 1999, when the market ended at 6598.32 points. Friday's fall was the year's fifth largest point drop. Decliners outnumbered advancers 448 to 127, while 44 issues ended unchanged. "If Nasdaq continues to fall Friday, we don't rule out the main index sliding below 6500 points next Monday," said Watchman Chang, assistant vice president of Jih Sun Securities Corp. The technology sector shed 6% Friday. Most semiconductor-related and chip stocks hit their limit-down following the overnight plunge in the stock price of Intel, which issued Thursday, after U.S. markets closed, a pessimistic earnings forecast saying it now saw its third-quarter revenue falling short of its previous forecasts, owing to weaker demand in Europe.

To: michael i olson who wrote (8517)	9/22/2000 1:02:36 AM
From: DJBEINO	Respond to of 9582

Needham analyst Dan Scovel said the Intel warning wasn't necessarily "catastrophic," but he said the news will likely cause wide ripple effects throughout the technology sector. Personal computer makers are particularly vulnerable, he said. "Anybody with PC exposure might be guilty by association, because this might indicate that seasonal recovery is slower than expected," Scovel said. Back-to-school and holiday shopping demand usually spark PC sales toward the end of the year, he added. cnetinvestor.com

To: michael i olson who wrote (8517)	9/22/2000 1:13:17 AM
From: DJBEINO	Read Replies (2) \| Respond to of 9582

Dell Sees 30 Percent Revenue Growth AUSTIN, Texas (Reuters) - Revenue growth lagged in the second quarter but Dell Computer Corp. (NasdaqNM:DELL - news) was ``still on track'' to increase revenues 30 percent this year, Dell vice chairman Kevin Rollins said Thursday. ``The guidance we gave in our Q2 earnings of having 30 percent growth rate for the year is something we're comfortable with and still on track to do,'' Rollins told Reuters at the Dell DirectConnect conference for customers and suppliers. After failing to meet 40 percent growth forecasts earlier in the year, Dell lowered everyone's expectations to 30 percent for the full year. Those figures have been watched closely by the financial world since Dell reported growth of just 25 percent in the second quarter. But chairman Michael Dell said Thursday things were looking good because demand for personal computers was strong and component prices were dropping because a predicted parts shortage failed to materialize. Dell's revenues last year were $25.3 billion. Analysts are hoping Dell will boost its European business, which has traditionally grown at a much slower rate than the rest of the company. Last quarter, revenues were up 10 percent in the region. Rollins repeated an earlier forecast that Dell would see better results in Europe in the fourth quarter and said there were already signs lagging corporate demand there was on the upswing. ``The corporate demand throughout the year has been slow, but we're seeing signs that it's turning around and that it's picking up,'' he said. Rollins said that, globally, corporate demand, which is about 2/3 of Dell's business, had been strong all year. ``It has never really slowed down. It's been doing very well and it's not a factor in the kind of revenue mess that we had (earlier). I think corporate business is in pretty good shape,'' he said. biz.yahoo.com

To: michael i olson who wrote (8517)	9/22/2000 8:31:41 AM
From: DJBEINO	Respond to of 9582

Hyundai Says DRAM Prices May Rise on PC Rebound 9/22/00 3:22:00 AM Source: Bloomberg News Taipei, Sept. 22 (Bloomberg) -- Hyundai Electronics Industries Co., the world's No. 2 memory-chipmaker, said spot market prices for dynamic random access memory chips will probably rise by October on increasing demand for personal computers. Benchmark 64 megabit PC100 DRAMs have fallen 21 percent from $8.36 on Sept. 6 to $6.59 yesterday in spot trading. Shares in memory chipmakers such as Samsung Electronics, the No. 1 DRAM maker, and Hyundai have matched the plunge in spot market prices, falling about 20 percent during the same period. ''Prices should come back up by the end of September or early October,'' said Mario Martinez, Hyundai product marketing director. ''Everyone has been holding their breath.'' He said a rise in prices would be linked to an increase in demand for personal computers. Demand for DRAM chips is, in turn, a leading indicator for the personal computer industry, where about 80 percent of DRAM production is used. Martinez said $5 for a 64 megabit DRAM chip is close to the breakeven point for memory makers, but noted this can vary. Hyundai fell 1,550 won, or 10 percent, to 14,350 won at the close of trading today, in line with the decline in most other chipmaker and computer-related stocks across Asia. The declines came after Intel Corp., the world's largest computer-chip maker, yesterday said third-quarter sales will fall short of forecasts. False Expectations Samsung last month said prices for DRAM chips should rise for two years as demand exceeds supply. Instead, spot market prices have stabilized or fallen in the last two weeks. Still, spot prices for PC100 64 megabit DRAMs may not be as important an indicator for the computer industry as some investors seem to think, according to analysts. ''The weakness in demand is very narrow, involving mostly 8M x 8 PC 100 SDRAMs and the desktop PC market,'' said Victor DeDios, an analyst with DeDios & Associates. ''The market has already shifted to the 128 megabit PC100 and to the 128 megabit PC133.'' The four largest DRAM makers, Samsung, Hyundai, Micron Technology and NEC Corp. have been the main companies boosting production of higher memory-density 128 megabit DRAMs, according to DeDios. The largest DRAM makers sell about 20 percent of their production on the spot market, with the rest sold on the contract market to top-ranked computer makers. Martinez and DeDios called the slide in 64 megabit spot market prices an inventory-correction issue. Computer makers have stockpiled DRAM chips in anticipation of rising prices during the second half of this year. Concerns remain about demand for personal computers during the rest of this year. In addition to Intel, computer makers in Taiwan also noted sales during the second half of this year have not been as strong as expected. Taiwan computer makers account for over 60 percent of the world's production.