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To: StanX Long who wrote (61057)	2/28/2002 12:45:36 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Chartered Expected to Stick to First-Quarter Loss Estimate By Linus Chua 02/27 22:23 quote.bloomberg.com Singapore, Feb. 28 (Bloomberg) -- Chartered Semiconductor Manufacturing Ltd. will probably stick to its first-quarter loss estimate and say sales will rise, investors said, marking what may be a recovery for the company. Chartered, the third-largest maker of chips for brand-name companies, will release a statement on its business in the first quarter after the U.S. market closes. A month ago, Chartered said it would lose between $136 million and $139 million in the three months to March as prices drop. Sales may rise as shipments improve. ``The chip industry has bottomed -- so now, it's a matter of how strong the recovery is,'' said Jason See, chief investment officer at OUB Asset Management Ltd., which manages about $2 billion including Chartered shares. ``Investors are expecting a recovery to happen in the second half and they're starting to invest in the sector.'' Still, Chartered may not be their focus as the Singapore chipmaker is facing a widening gap with its two larger rivals Taiwan Semiconductor Manufacturing Co. and United Microelectronics Corp. Some investors expect Chartered's business to worsen as the two Taiwan rivals grab a bigger share with more advanced chips and a stronger rebound in orders.