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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (6377)	10/22/2002 3:12:18 AM
From: StanX Long	Read Replies (1) \| Respond to of 95526

RPT-Taiwan chip foundries seen warning of weak market 10/21/2002 8:27:22 PM www2.marketwatch.com (Repeats ahead of TSMC Q3 results on Tuesday) By Michael Kramer TAIPEI, Oct 21 (Reuters) - Taiwan's TSMC <2330.TW> and UMC <2303.TW>, the world's two largest contract chipmakers, are expected to report a huge jump in quarterly profits from a year ago but warn the sector's steady recovery is grinding to a halt. Taiwan Semiconductor Manufacturing Co (TSMC) (TSM) and United Microelectronics Corp (UMC) (UMC) are likely to report third-quarter profits slipped from the bumper second quarter as demand is tapering off, analysts said. The companies are likely to warn the jarring reverse following several quarters of improving profits will get worse in the final three months of 2002, they added. Key customers of their outsourced chip manufacturing, or foundry, services placed major orders earlier this year, but have been largely selling from inventories instead of placing new orders as anticipated second-half demand has not materialised. "We don't expect to hear particularly positive guidance from foundries," Merrill Lynch analyst Dan Heyler wrote in a recent research note. On average, TSMC is expected to report earnings of T$0.26 per share when it announces third-quarter results on Tuesday, a Reuters survey of six analysts found.