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Strategies & Market Trends : Guidance II -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (4)	6/25/2001 3:58:37 AM
From: 2MAR$	Read Replies (1) \| Respond to of 2077

Taiwan's TSMC expects profit for Q2 2001 TAIPEI, June 25 (Reuters) - Taiwan Semiconductor Manufacturing Co (TSMC) <2330.TW>, the world's largest microchip foundry, expects to report a profit for the second quarter of 2001, the Financial Times reported on its Web site. The forecast by TSMC Chairman Morris Chang contrasted with a second-quarter loss warning issued this month by rival United Microelectronics Corp <2303.TW>, the world's second biggest foundry. Chang forecast TSMC would enjoy a business rebound in the second half of this year, the Financial Times Web site said on Sunday. "I feel TSMC has already touched bottom and I think the third and fourth quarters will be stronger than the second quarter," Chang was quoted as saying. Chang's confidence that TSMC would remain profitable would bolster hopes of a recovery in demand for personal computers, which he said had already "experienced its worst" and would be stronger in the second half than in the past three months, the newspaper said. However, Chang made clear that his relatively upbeat assessment of TSMC's situation did not extend to the (REUTERS) Taiwan's TSMC expects profit for Q2 2001 Taiwan's TSMC expects profit for Q2 2001 TAIPEI, June 25 (Reuters) - Taiwan Semiconductor Manufacturing Co (TSMC) <2330.TW>, the world's largest microchip foundry, expects to report a profit for the second quarter of 2001, the Financial Times reported on its Web site. The forecast by TSMC Chairman Morris Chang contrasted with a second-quarter loss warning issued this month by rival United Microelectronics Corp <2303.TW>, the world's second biggest foundry. Chang forecast TSMC would enjoy a business rebound in the second half of this year, the Financial Times Web site said on Sunday. "I feel TSMC has already touched bottom and I think the third and fourth quarters will be stronger than the second quarter," Chang was quoted as saying. Chang's confidence that TSMC would remain profitable would bolster hopes of a recovery in demand for personal computers, which he said had already "experienced its worst" and would be stronger in the second half than in the past three months, the newspaper said. However, Chang made clear that his relatively upbeat assessment of TSMC's situation did not extend to the semiconductor industry as a whole, it added. On Friday, TSMC shares closed T$1.00 or 1.2 percent lower at T$85.00, compared with a 1.62 percent fall on the main TAIEX <.TWII> market. (US$ = T$34) ((Taipei newsroom, +886 2 2508-0815 fax +886 2 2508-0204, taipei.newsroom@reuters.com)) REUTERS * end of story * * end of story *