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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (57089)	12/7/2001 3:17:52 AM
From: StanX Long	Read Replies (2) \| Respond to of 70976

Wasn't these the guys who just said their business show a significant uptick? Now this ?? hu 12/07 02:53 TSMC Says Sales in November Fell 39% as Demand Waned (Update3) By Alan Patterson and George Hsu quote.bloomberg.com Hsinchu, Taiwan, Dec. 7 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co., the biggest maker of chips for other companies, said sales in November fell almost two-fifths from a year ago because of waning demand for its products. Sales last month fell to NT$11.1 billion ($321 million) from NT$18.2 billion a year ago, TSMC said in a statement. November sales rose 7 percent from NT$10.3 billion in October. Earlier this month, TSMC said profit will rise about 150 percent from the third quarter as sales beat forecast. ``Computer chips are a leading indicator in the electronic sector,'' said Chen Hsien-chih, who manages Grand Cathay Securities Investment Trust Co.'s NT$1.2 billion Hi-Tech Fund. TSMC is the fund's top holding. ``The better-than-expected sequential sales will continue to support TSMC shares.'' Global chip sales this year will decline by about a third from last year to $117 billion as demand for personal computers shrinks, according to analysts. Unlike smaller rivals United Microelectronics Corp. and Chartered Semiconductor Manufacturing Ltd., TSMC stayed profitable by offering customers more advanced production methods that help pare costs. TSMC said in October third-quarter net income fell 94 percent from a year ago to NT$1.2 billion. TSMC shares have risen 58 percent this year, compared with a 12.6 percent gain in the island's key TWSE Index. The stock fell 50 NT cents, or 0.6 percent, to NT$88.5 after gained 22 percent in past four days.