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

To: StanX Long who wrote (63598)	5/10/2002 12:10:16 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Nanya Technology Postpones Sale of 433 Mln Shares (Update1) By Paul Scanlon and Alan Patterson quote.bloomberg.com Taipei, May 10 (Bloomberg) -- Nanya Technology Corp., Taiwan's biggest maker of computer memory chips, postponed plans to begin marketing up to 433 million shares, citing the 50 percent fall in its shares price in three months. The company said in March it and bankers UBS Warburg would begin marketing the shares in April or May. It's now targeting next month, betting on a recovery in memory chip prices and its shares. ``We have postponed the roadshow, my guess is about a month,'' said Nanya Vice President Charles Kau. ``The market situation is not good. The memory chip market will impact the sale of shares.'' The spot price of benchmark 128-megabit computer memory chips fell by a third in the past two months, with the chips recently trading at $2.86 each. That's from a peak of about $4.50 in mid- March, though almost tripled from $1 in November.