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To: DJBEINO who wrote (8961)	11/29/2000 8:19:20 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Taiwan Mosel upbeat on outlook despite dismal 2000 By James Peng TAIPEI, Nov 29 (Reuters) - Taiwan microchip maker Mosel Vitelic Inc said on Wednesday it was positive about its outlook in 2001 despite a supply glut this year, which had forced the company to slash its earnings forecasts. Mosel, one of Taiwan's leading makers of dynamic random access memory chips (DRAMs), said it planned to finalise a plan to build a 12-inch wafer plant by the end of this year, either in Canada or Germany. ``Our outlook for 2001 is seen pretty good as DRAM demand is expected to exceed supply starting from March 2001,'' company spokesman Thomas Chang told a news conference. DRAMs are key components for personal computers. Chang said DRAM supply still exceeded demand at the moment. Last week, Mosel cut its 2000 pretax profit forecast by 55 percent to T$5.19 billion (US$157 million) from the original estimate of T$11.54 billion. Mosel shares closed at T$23.9 on Wednesday, down 71 percent from the year high of T$83.48. ``We can expect the average unit price of 64-megabit DRAMs in 2001 to be around US$5, similar to the 2000 average,'' Chang said. Chang nonetheless said the forecast was based on the assumption that the Federal Reserve cuts interest rates to keep the U.S. economy growing at an annual rate of five percent. HIGHER PROFIT MARGINS Chang said production costs were also expected to be cut by 30 percent in 2001 over 2000, meaning the expected same average unit price would translate into higher profit margins for Mosel. He said Mosel will also move to make advanced 128-megabit DRAMs in 2001 from 64 megabit chips, meaning even higher margins. ``The average unit price for 128-megabit DRAMs would be around US$10 in 2001, and that will further contribute to a higher profit margin,'' Chang said. He said the Mosel group, including Mosel and its 48-percent owned ProMOS Technologies Inc , would have a combined capital expenditure of US$500 million in 2001, up sharply from a mere US$6 million in 2000. ProMOS is also a DRAM maker. A final decision on where to build its 12-inch wafer plant would be decided by the end of this year, Chang said. The firm had said it planned to announce the location in August, but was postponed due to objections in Canada and because of an election in that country. ``Now that the Canadian election is over, we will soon resume our talk,'' Chang said. Mosel plans to start building phase one of the project in April 2001 with pilot production expected in November 2002. Phase two would follow in 12 to 18 months. The two phases would have a total monthly production capacity of 40,000 12-inch wafers, with a production cost of about US$3 billion, Chang said. ProMOS had started construction of its US$1 billion, 12-inch plant in early 2000 in the northern Taiwan city of Hsinchu, and was expected to have a full monthly production capacity of 18,000 12-inch wafers by 2003. biz.yahoo.com

To: DJBEINO who wrote (8961)	11/29/2000 8:41:57 AM
From: DJBEINO	Read Replies (2) \| Respond to of 9582

Alliance semiconductor investments still worth $17.59 comp # of shares stock price Value per share BRCM 336,522 85 $28,604,370.00 0.69 UMC 339,900,000 $52.50 $555,911,214.95 13.41 PMCS 68,152 97 $6,610,744.00 0.16 VTSS 728,293 53 $38,599,529.00 0.93 TSEM 1313700 16 $21,019,200.00 0.51 CSMF 16,400,000 $6.20 $57,970,353.48 1.40 add money from umc $20,716,510.90 total $729,431,922.33 # of shares $41,464,780.00 alsc $17.59 this does not include the investment in the startup companies this represent 10% of the outstanding shares of tsem