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

To: DJBEINO who wrote (8809)	10/23/2000 5:46:44 AM
From: Paul Lee	Read Replies (1) \| Respond to of 9582

UMC 3Q00 Net Income Jumps YoY 488% to NT$14.55 Billion Record Revenue and Net Income Due to Industry Leading Percentage of 0.18-micron Technology and Higher Wafer Shipments 3Q00 Highlights(1): -- Net Sales up 106.5% to NT$29.48 billion (US$941.22 million) -- Net Income up 488% to NT$14.55 billion (US$464.74 million) -- EPS to NT$1.31 or EPADS US$0.21 -- Company raises US$1.3 billion with largest to-date non-Japan IPO on NYSE TAIPEI, Taiwan, R.O.C.--(BUSINESS WIRE)--Oct. 23, 2000--United Microelectronics Corporation (TAIEX: 2303, NYSE: UMC), (UMC) today reported record revenues and net income for its third quarter ended September 30, 2000, with the company's performance continuing to strengthen following the successful consolidation of UMC and its joint venture companies in January 2000. ``In the third quarter, UMC continued to lead the foundry industry in terms of net margin, as well as in the percentage of revenue contributed by wafer shipments for advanced 0.18/0.25-micron technology. These excellent results reflect UMC's continued focus on leading-edge process development, and our ability to efficiently deliver this technology to a diverse group of IC market segment leaders around the world, '' said UMC Chairman John Hsuan. ``We continue to see good revenue and margin growth despite the reported softening in certain sectors of the electronics industry. Our diversified customer base and position as the leading provider of advanced foundry technology have resulted in the flexibility to quickly adjust capacity allocation, allowing us to enjoy strong demand for our foundry services for a wide range of high-growth, high margin applications.''