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To: DJBEINO who wrote (9393)	7/12/2001 9:16:19 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UMC to float US$689.595 million worth of GDRs Taipei, July 12, 2001 (CENS)--United Microelectronics Corp. (UMC), the world's second largest provider of wafer foundry services listed on the Taiwan Stock Exchange (TSE), will issue GDRs (global depositary receipts) worth US$689.595 million. The Securities & Futures Commission under the Ministry of Finance on Wednesday gave the green light for the issuance. In September 2000, UMC floated 90 million units of ADRs (American depositary receipts), equivalent to 450 million common shares of its stock, in the U.S. for the first time. The ADRs were floated at a price of US$14.35 per unit, with the translated price in NT$ per share 15% higher than the TSE closing price of NT$78 per share one day before the issuing day. Due to the sluggish global semiconductor market, UMC's business performance has significantly fallen off. Consequently, the ADR price dropped to US$8.02 per unit on July 10. UMC will put up 447.7889 million common shares for the GDR issuance. With reference to the current price level of ADRs, UMC plans to set the unit price of its GDRs at US$7.7, equivalent to raising US$689.595 million in total. The common shares for the GDR issuance belong to a few large shareholders of UMC, including SanDisk. Lehman Brothers will be the main underwriter of the GDRs. ++++++++++ 2303.tw is trading ex-dividend in taiwan

To: DJBEINO who wrote (9393)	7/13/2001 2:00:35 AM
From: DJBEINO	Read Replies (3) \| Respond to of 9582

UMC (2303)closed @37.10 +0.10 vol 84,876,000 most active +++++++++ July 11 net purchase 20,967,000 shares +++++++ TAIWAN WEIGHTED closed @ 4485.68 -147.86 (-3.19% ) Day's Range :4483.09 - 4715.33 +++++++++++ UMC 2303.TW UP ON CHEAP VALUATION** Two share's which went ex-dividend on Friday, United Microelectronics (UMC) UMC and Ritek Inc, gained on bargain hunting in active trade. United Microelectronics Corp (UMC) 2303.TW UMC, the world's second largest microchip foundry, rose one percent to T$37.70 on volume of 64 million shares on the overnight strength of U.S. semiconductor makers. Analysts said UMC's sales performance was not expected to bottom out until the fourth quarter or early next year, but its price has been comparatively cheap after recent corrections. UMC issued a bonus issue of 150 shares for every 1,000 shares held. ++++++++ TAIPEI, July 13 (Reuters) - Taiwan stocks gave up early gains to close more than three percent lower at a seven-year low on Friday, as jittery investors took profits after Taiwan's top think tank cut the island's economic growth by more than half