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

To: Proud_Infidel who wrote (8282)	12/11/2003 10:09:39 AM
From: Proud_Infidel	Respond to of 25522

TSMC's Q4 sales to beat forecasts, says report Silicon Strategies 12/11/2003, 8:55 AM ET HSINCHU, Taiwan--Silicon foundry giant Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) today (December 11, 2003) said its sales in the fourth quarter would beat forecasts and hit a record high, according to a report from Reuters. "There is a good possibility that TSMC's fourth quarter sales revenue will mark a historical record high," the company said in the report. The announcement was aimed to allay fears in the marketplace. On Tuesday, TSMC said that its net sales totaled NT$18,510 million (US$543.3 million) for the month of November, a decrease of 8.8 percent from October 2003 but up 26.9 percent in the like period a year ago (see December 9 story). The monthly decline was expected. As previously reported on Silicon Strategies, TSMC's sales are expected to dip in November and December, while rival United Microelectronics Corp. is projected to grow in the same period, according to a recent report from Pacific Crest Securities Inc. TSMC is projected to cool off, as the company's fabs are mainly front-end loaded, with a greater exposure to the lower-margin PC industry, said Michael McConnell, an analyst with Pacific Crest Securities, in the report. TSMC's fourth-quarter sales are still in line with the analyst's estimates of 5 percent growth quarter-over-quarter. The company reported sales of $1.601 billion in Q3. But the company's average selling prices (ASPs) for wafers are worse-than-expected, due to its exposure to PCs. Its ASPs are expected to fall 4-to-5 percent in Q4, verses its guidance of flat-to-down 5 percent, according to the analyst (see December 3 story).