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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (8706)	10/11/2000 1:27:21 AM
From: DJBEINO	Respond to of 9582

UMC (2303) closed @ 63.50 -2.00 vol 13,591,498 ++++++++++= TAIWAN WEIGHTED closed @ 6040.55 -168.87 (-2.72%) ++++++++ Taiwan Fin Min:7% Daily Limit Down On Stks Reinstated Thu TAIPEI (Dow Jones)--The maximum daily limit that a share traded in Taiwan can fall will be restored to 7% beginning Thursday from the temporary 3.5% limit that has been in effect since last week, said Finance Minister Yen Ching-chang Wednesday. ++++++++= Singapore, Oct. 11 (Bloomberg) -- Chartered Semiconductor Manufacturing Ltd., the world's No. 3 maker of chips to other companies' designs, plunged to a 10-month low after a profit warning by major customer Lucent Technologies Inc. Not Bearish Yet Still, not all analysts are bearish about Chartered. Some say chip suppliers are trying to manage their inventory with a surge in demand earlier this year and say it may be too early to predict a gloomy outlook next year. ``The valuation today are reflecting long-term concerns but most issues we see now are inventory related and are short-term,'' said Dan Heyler, a technology analyst at Merrill Lynch Taiwan Ltd., who rates the stock a ``buy'' because ``we see no evidence that long-term demand for foundries is falling.'' In May, Chartered gave a more optimistic forecast for the its earnings this year after the company's chip prices rose almost a fifth in the second quarter. According to Bloomberg data of 28 analysts who track the stock, 19 have ``buy'' recommendations while two rate it a ``sell.'' The rest advised clients to hold Chartered's shares. Some analysts also said Chartered may not be hit hard by Lucent's warning as it supplies to Lucent's Microelectronics and Communications Technologies group, a semiconductor and fiber-optic components unit it plans to spin of by March 30. Sales at the unit rose 50 percent in the quarter. Altera and Xilinx -- likely Chartered customers -- may not pose a big threat as they aren't among the 10 biggest at the Singapore company. Chartered's top 10 clients -- including Ericsson AB and Broadcom Corp. -- make up about two-thirds of sales.