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To: DJBEINO who wrote (9085)	1/8/2001 7:50:33 AM
From: DJBEINO	Respond to of 9582

Pace Micro a major alsc customer had great earnings uk.finance.yahoo.com Pace 1st-Half Net Rises 41% on U.K. Digital-TV Sales By Cecile Daurat London, Jan. 8 (Bloomberg) -- Pace Micro Technology Plc, Europe's largest maker of digital set-top boxes, said fiscal first- half profit excluding one-time items rose 41 percent, fueled by U.K. sales. Its shares rose as much as 10 percent. Net income before one-time items for the six months ended Dec. 2 rose to 12.6 million pounds ($19 million), or 5.71 pence a share, from 8.88 million pounds, or 4.1p a share, in the same period last year. Pace, which made 87 percent of its revenue in the U.K., is benefiting as clients such as NTL Inc. and Telewest Communications Plc compete for digital subscribers and buy more set-top boxes. The boxes, which convert digital broadcasts to analog signals for conventional television sets, enable viewers to receive more channels, clearer pictures and interactive services such as TV- based e-mail, shopping and banking. The shares rose as much as 45.5 pence to 498p, their biggest rise in two months. Sales rose 31 percent to 205.8 million pounds from 157.2 million pounds. More Profitable The company said its gross margin, a measure of profitability, widened to 20.5 percent from 20.3, boosted by licenses of its designs and software that Pace sold along with the boxes, Chief Financial Officer John Dyson said in an interview. The new services will help Pace maintain its gross margin around 20 percent in the future, Dyson said. The new services and sales at Vegastream, a unit that helps clients carry voice, video and other data over high-speed lines, will represent a third of Pace profit in the next 4 years, up from 10 percent today. The gross margin fell to 19.7 percent in fiscal 2000 as rivals such as Thomson Multimedia SA, Sony Corp. and Amstrad Plc drove U.K. prices down and a shortage of memory chips forced Pace to pay a higher price for the parts. Pace said it is overcoming the memory-chip shortage that forced its client Telewest to temporarily stop trying to gain clients for its digital television service at the end of July. ``We expect more consistent supplies of components to be available in the new calendar year, as seasonal demand for retail electronic products falls and new capacity comes on stream,'' Chairman Michael Bett said in the statement. The share of U.K. sales in total revenue will drop to about 80 percent in the second half and 70 to 75 percent next year, Dyson said. Pace expects to ship products under trial with Time Warner Inc., the world's largest media company, in April. It's also expanding in Israel, New Zealand, Portugal and Spain, although sales to continental Europe companies, such as Canal Plus SA, were ``disappointing,'' because the weakness of the euro made Pace products more expensive than those of competitors, Dyson said. The company said it will increase its dividend to 0.35p from 0.3p in the same period last year.

To: DJBEINO who wrote (9085)	1/9/2001 1:59:03 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC (2303) closed @ 53.00 +2.50 vol 100,804,494 +++++++++ TAIWAN WEIGHTED closed @ 5376.12 +187.61 (+3.62%) Day's Range :5206.50 - 5376.12 ++++++++ Taiwan chipmaker Macronix (2337) reported NT$32bn sales in 2000, up 94% yoy. Its net profits expected to be NT$10.5bn, up 1067% yoy, for en EPS of NT$4.25. This company also forecasted NT$9bn sales in 1Q01, up 73% qoq, as the demand remains solid. +++++++++= It was reported that net foreign capital inflow totaled US$300-500mn since earlier this month, making total net foreign capital inflow so far to exceed US$31bn, an all-time high. ++++++++++++ Taiwan's TWSE Index rose 187.61 to 5376.12, its third gain in four days. TSMC gained 3.9 percent to NT$93 while its rival United Microelectronics Corp. gained 5 percent to NT$53 on hopes a reshuffled cabinet will allow the government to focus on the economy and reduce political friction with opposition parties. +++++++++++= Taiwan Hot Stock: Powerchip Semicon +6.5% On Strong Rev TAIPEI (Dow Jones)--Shares of Powerchip Semiconductor Corp. (Q.PWC), a dynamic random access memory chip maker, were up NT$1.30 (US$1=NT$32.650), or 6.5%, to NT$21.20 on volume 21.55 million shares at 0244 GMT (9:44 p.m. EST Monday) on the company's strong December revenue. Meanwhile, the big board was up 2.4%. Powerchip posted December revenues of NT$1.93 billion, up 82% from the same month a year ago, the company said in a public announcement Tuesday ++++++++++++ TAIPEI (Dow Jones)--Taiwan Semiconductor Manufacturing Co. (TSM) posted a December revenue of NT$18.3 billion, compared to NT$8.62 billion in the same period last year, the world's largest chip foundry said Tuesday. For the full year 2000, unaudited revenue totaled NT$166.3 billion, compared to NT$73.1 billion in 1999. "The overheated situation in the global semiconductor market returned to a more normal pattern (last month). However, wafer demand for (the company's) 0.25-micron-and-below processes continued to increase as a percentage of overall sales," K.C. Chen, TSMC's spokeswoman, said in a release

To: DJBEINO who wrote (9085)	1/10/2001 2:08:05 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC (2303) closed @ 52.00 -1.00 vol 77,357,360 +++++++++ Jan 9 Net Purchase 6,034,000 shares +++++++= TAIWAN WEIGHTED closed @ 5436.78 +60.66 (+1.13%) Day's Range :5350.07 - 5476.90 ++++++++ Taiwan's TWSE index rose 60.66 to 5436.78, its fourth gain in five days. Bank made up a fifth of the index's rise on hopes Goldman Sachs Group Inc. and Chinatrust Commercial Bank's agreement yesterday to jointly form an asset management company will accelerate the banking industry's effort to clean up bad loans. ++++++++++ U.S.-based Advanced Micro Devices Inc. (AMD) is seeking a partner in Taiwan - likely to be either Taiwan Semiconductor Manufacturing Co. or United Microelectronics Corp. (2303.TW) - to build a 12-inch chip factory that might be located in Taiwan or California, reports the Economic Daily. Market participants speculate the central bank might cut the discount rate again by either 12.5 basis points or 25 basis points before the Lunar New Year holidays because some key state run banks have posted an interbank rate as low as 4.6%, below the central bank's current discount rate of 4.625%, reports the Economic Daily. ++++++++++ ACCUMULATE: United Microelectronics Corp. (2303.TW) - NT$53. Recommended with a target price of NT$65 because its fourth quarter financial performance should be on target, and that this leading chip foundry has a compelling valuation following its recent share price swings on account of the cloudy industry outlook for semiconductors