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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2967)	9/9/2002 8:57:51 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Taiwan's foundries report 50% plus increase in August sales Semiconductor Business News (09/09/02 07:53 a.m. EST) TAIPEI, Taiwan -- Taiwan Semiconductor Manufacturing Co., the world's largest foundry, has been reported as saying that its August net sales rose 50% to about $396 million compared with the previous year's August figure of about $264 million. The report says sales were flat compared with July 2002, inching up 0.1%. United Microelectonics Corp., TSMC's main rival, also reported its unaudited net sales for August. UMC's net sales were about $187.5 million up 64% on the $114.1 million figure for the year-ago August. Month-on-month UMC's figures declined 4.6%. The reason for the strong growth is mainly the low base for comparison from a year earlier but after the foundries had warned of lower third quarter sales the foundries' August numbers exceeded some analysts expectations.