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

To: DJBEINO who wrote (8906)	11/6/2000 11:31:05 AM
From: DJBEINO	Respond to of 9582

MSCI Confirms Increased Taiwanese Weight In Indexes LONDON (Dow Jones)--Index manager Morgan Stanley Capital International Inc. confirmed Monday that it will increase the weighting of the MSCI Taiwan Index in two of its index products from November. The inclusion weight of the MSCI Taiwan Index will rise in the MSCI Emerging Markets Free Index series to 80% from 65% of total market capitalization, effective as of the close of trade on Nov. 30. MSCI had already announced that the inclusion weight of the MSCI Taiwan Index in the MSCI Emerging Markets Free Index series and the MSCI All Country World Index would be increased to 80% in November, but demanded further evidence from Taiwan that it was increasing efforts to open up equity markets to foreign investment. "Several market liberalization efforts have taken effect this year in Taiwan," MSCI said Monday. The company pointed to October's move to increase the investment ceiling for Qualified Foreign Institutional Investors to $1.5 billion from $1.2 billion and the simplification of the process of filling in documents as evidence that the Taiwanese market had become more welcoming to foreign cash. If Tawain can show that its market is further opening up to foreign investors, the MSCI Taiwan Index inclusion weight will rise to 100%, a spokesman said Monday. In addition, the MSCI Taiwan Index will be rebalanced, effective as of the close of trade on Nov. 30. Details of the changes will be announced Nov. 6. MSCI will announce the rest of its November Quarterly Index Rebalancing Nov. 16. The changes will be effective as of the close of trade on Nov. 30. MSCI is a joint venture between Morgan Stanley Capital International Inc. and index designers Capital Group Companies Inc. ++++++++ UMC up 1/2 @13 3/16 vol 640k

To: DJBEINO who wrote (8906)	11/7/2000 1:48:14 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC (2303) closed @ 65.50 + 4.00 vol 150,959,971 most active ++++++++++= Nov 6 net purchase 31,006m shares +++++++++ TAIWAN WEIGHTED closed @ 5877.77 +220.29 (+3.89%) Day's Range :5720.89 - 5877.77 ++++++++ UBS' Liu has ``buy'' recommendations on Taiwan Semiconductor and rival United Microelectronics and sees ``30 percent to 40 percent upside'' in their share prices over the next 12 months. +++++++++++ MSCI Taiwan Index weightings as of November 6, 2000. According to MSCI the following are the top weightings: TSMC (2330, 21.95%), UMC (2303, 12.14%), +++++++ Sony Corp. (SNE or 6758) has decided to outsource production of chips to Taiwan Semiconductor Manufacturing Co. (TSM) and United Microelectronics Corp. (2303.TW), reports the Economic Daily News. It's the first time the Japanese company has contracted out chip manufacturing to Taiwan. TSMC and UMC are expected to make Play Station II, MP3 chips and mobile phone chips.