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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (20101)	9/27/2001 9:23:05 AM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

Thursday September 27, 4:41 am Eastern Time Taiwan semicon makers delay capex spending (UPDATE: Recasts, adds Goldman's report, analyst comments) By Baker Li TAIPEI, Sept 27 (Reuters) - Major Taiwanese semiconductor makers are turning cautious about expanding as uncertainty about the impact on the struggling electronics industry of the U.S. war on terrorism has crushed hopes of any Christmas sales cheer. The market had hoped that Intel Corp's (NasdaqNM:INTC - news) new Pentium 4 microprocessor and Microsoft Corp's (NasdaqNM:MSFT - news) Windows XP operating system would trigger fresh demand for computers in the fourth quarter, in time for crucial year-end holiday shopping. Goldman Sachs underscored the bleak outlook by cutting its earnings estimates for Intel, and for major Taiwan microchip and computer makers, saying PC demand will not recover soon. ``As the impact of the September 11 event reverberates through the economy, hopes for even a muted 4Q 2001 pickup in PC spending may be optimistic,'' said a Goldman Sachs research note on Compal Electronics and top notebook maker, Quanta Computer . Taiwan Semiconductor Manufacturing Co (TSMC) , the world's largest contract chipmaker, said on Wednesday it would not use all its US$2.2 billion capital expenditure budgeted for this year and spending next year would be less than 2001 as market conditions remained sluggish. TSMC planned to cut its financial forecast for 2001 because it was compiled in April and was now outdated. Some securities houses did not wait to act and included 2002 in their forecasts. Citing heightened uncertainties in the macroeconomic outlook, Goldman Sachs on Thursday slashed sharply its earnings per share (EPS) forecasts for TSMC and United Microelectronics Corp (UMC) for 2001 and 2002, while cutting the utilisation rates for the two companies into next year. biz.yahoo.com