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

To: Paul Lee who wrote (9174)	2/13/2001 1:31:07 AM
From: DJBEINO	Read Replies (3) \| Respond to of 9582

UMC (2303) closed @ 58.00 + 3.50 vol 80,751,124 +++++++++ TAIWAN WEIGHTED closed @ 6027.49 +180.42 (+3.09%) Day's Range :5917.63 - 6027.49 ++++++++ Taiwan's TWSE Index gained 2.3 percent, led by United Microelectronics Corp. on expectations the chipmaker will tomorrow report fourth-quarter profit more than doubled ++++++++++++++ Taiwan Press: UMC, Formosa Plastics Slowing Home Invest Leading Taiwanese conglomerates United Microelectronics Corp. (Q.UME) and Formosa Plastics Corp. (Q.FPL) plan to temporarily slow or stop their large domestic investments, reports the Economic Daily. United Micro should reduce the scope of its NT$518.8 billion plan for five 12-inch fabrication plants in Tainan's science-based industrial park and Formosa Plastics may halt its more than NT$10 billion investment plan to build an industrial park in Taoyuan. +++++++++++= The government and powerful opposition lawmakers are close to a compromise that would end months of feuding over the fate of Taiwan's fourth nuclear plant, local media reported Tuesday.

To: Paul Lee who wrote (9174)	2/14/2001 2:25:12 AM
From: DJBEINO	Respond to of 9582

ALLIANCE SEMICONDUCTOR CORP /DE/ has filed a Form 10-Q (Quarterly Report) with the United States Securities and Exchange Commission. Click on the following hyperlink to view this filing: freeedgar.com

To: Paul Lee who wrote (9174)	2/14/2001 7:38:21 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

something intersting from the 10q: As of February 12, 2001, there were 42,671,116 shares of Registrant's Common Stock outstanding At December 31, 2000, the Company owned 236,631 shares of Broadcom In January 2001, the Company entered into a variable forward sales contract with Bear Stearns that gives the Company the right to sell up to 490,000 shares of Vitesse in January 2003 at prices ranging from $74.32 to $105.84. The Company has received an advance payment from Bear Sterns of approximately $31 million against the future delivery of Vitesse shares. In the December 2000 quarter, sales to the computing market segment accounted for approximately 10% of the total sales, with approximately 90% attributable to sales in the communication, networking and consumer markets, whereas in the December 1999 quarter approximately 49% of the Company's sales were in the computing market segment and approximately 51% in the non-PC market segments (i.e. communications, networking and consumer). One customer accounted for approximately 8.2% of the Company's net revenues in the December 2000 quarter, whereas one customer accounted for 17.8% of the Company's net revenues in the December 1999 quarter. Company currently manufactures SRAMs in Singapore and the United States, and may be able to support its U.S. customers with products that are not subject to antidumping duties The Company's financial condition at December 31, 2000 remained strong. Total current assets exceeded current liabilities by 2.5 times Company believes these sources of liquidity, and financing opportunities available to it will be sufficient to meet its projected working capital and other cash requirements for the foreseeable future

To: Paul Lee who wrote (9174)	2/16/2001 8:17:07 AM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Foundries Forge Ahead By Macabe Keliher, AsiaWise Guess what? John agrees with Morris: the semiconductor industry will pick up in the second half. John (Hsuan), Chairman of UMC, the world's second largest made to order chip maker, and Morris (Chang) Chairman of the largest chip maker, TSMC, speak loudly and with authority. So Thursday (the day after Hsuan's little talk), UMC closed at NT$58.5, up 6.4%, and TSMC closed at NT$100.5, up 6.9%. But don't worry if you don't have your finger in the pie yet - it isn't too late. Earlier this week, AsiaWise discussed the rosy prospects of the foundry industry in the long term (see Sticking With Semiconductors?), and obviously, that will benefit foundry stocks. The UMC and TSMC stock prices don't have much downside left. We've heard and digested the bad news - we face a slow down. U.S. research houses are forecasting a drastic reduction in foundry revenue growth this year, and Hsuan says revenue growth in the first quarter would be about 25% off the previous quarter. Morris over at TSMC said the same thing last week. The market knew it was coming, and the stock prices took their hits earlier this month: UMC tasting the low 50's and TSMC the high 80's. Now, "everyone is waiting on indications for the second half," says Kristopher Thornton at W.I. Carr Securities. Jim Kupec, UMC's president of worldwide marketing and sales, says "its still too early to tell if demand will increase in the second half, but inventories ought to be flushed out in the first and second quarters." As companies rid themselves of overstocked inventories, orders placed with foundries drop, as do investors' "buy" orders to brokers. But come the second half, everyone expects inventories will need to be replenished, and if demand does indeed come roaring back the foundries will be off and running and investors who hesitated will be left behind. Everything - of course - hinges on the U.S. economy where "a third quarter pick up is likely," says Janardan Menon, head of Asian technology research at Kleinwort Benson Securities. He's got his eye on the foundries' long-term stock performance, rating both UMC and TSMC as "accumulate." Thornton at W.I. Carr also remains positive on foundry stocks this year and has 'buys' on both UMC and TSMC, with target prices of NT$80 and NT$125 respectively. Hsuan says the gap in stock price between his UMC and Chang's TSMC should close this year. With gross margins of 55%, UMC is already the most profitable company in the industry. Fourth quarter 2000 profits soared 132% year-on-year to NT$16.7 billion. The company posted operating revenues of NT$105 billion last year, growth of over 92%, and profits of NT$50.8 billion - a 292% increase over1999. In comparison, TSMC's 2000 revenues were up 127% year-on-year to NT$166.2 billion and profits rose 165% to NT$65.1 billion. TSMC's gross margins in 2000 were 44.5%. The announcement that UMC will cut its planned cap-ex for this year to US$1.5 billion from an original US$2.5 billion, leaves some skeptical however: "If UMC expects a strong second half rebound then why are they cutting capital expenditure by 48%?" asks Thornton.