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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (95821)	3/8/2002 6:55:02 AM
From: hlpinout	Read Replies (1) \| Respond to of 97611

Also a indicator that channels are not stuffed. -- Nanya: Strong DRAM orders from international PC OEMs point to PC market recovery Hans Wu, Taipei; Willie Teng, DigiTimes.com [Thursday 7 March 2002] Nanya Technology registered revenues of NT$2.613 billion in February, up 3.6% from the previous month and 181% year-on-year, the company announced in an institutional investor meeting on March 6. With fewer working days, due to national holidays in Taiwan, Nanya’s DRAM shipments in February were actually two million DRAM die less than in January, but higher DRAM prices boosted the company’s performance, according to the United Daily News (UDN) Chinese-language newspaper. Despite the second quarter being the PC market’s traditional low season, Nanya predicts DRAM orders in April will increase over March with PC demand from the business sector picking up. PC sales in the second quarter should rise significantly, since businesses usually upgrade their computer equipment every three years, and the second quarter is expected to be the beginning of a new cycle. Looking at its DRAM orders to international PC OEMs, Nanya pointed out that a recovery of the PC market is not far away. Many international PC vendors have approved Nanya’s DRAM and struck deals with the company. Nanya credits its acceptance by the PC leaders to assistance from IBM in both key technology and production equipment. In January, orders from PC vendors accounted for a mere 8% of the company’s total DRAM shipments, but the figure jumped to 29% in February and 41% is projected for March. Nanya is supplying DRAM to Acer, IBM, Hewlett-Packard (HP), Compaq Computer, Dell Computer, Fujitsu and Toshiba. At the moment, the contract price for DRAM is about 25% higher than the spot price. Nanya’s contract price for 256Mbit DRAM is above US$10, while the spot price is about US$8.23. The company said the current contract price should remain unchanged until May or June. In February, 256Mbit and 128Mbit products represented a respective 56% and 37% of Nanya’s DRAM shipments, UDN said. To strengthen its after-sales services to PC vendors which have expanded to China, Nanya announced that it will establish an office in Shanghai next month, UDN said. The company is also making plans to open offices in Europe and Japan.