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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Yakov Lurye who wrote (12422)	1/8/1998 4:50:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 25960

Yakov <<Any particular news causing the last moment selloff, or was it just in sympathy with broader markets?>> it's become a market tradition to selland/or buy your tech position 30 minutes to close. most selling is generated from programmed trading. programmed trading represented nearly 23% of all trades in December according to the Dow Jones. programmed trading has obviously been centered on the technology issues, especially semis - they sell these issues because they can, then buy them back when selling volumes dry up from the "small investor"; the selling has little to do with fundamentals and much to do with deja vu

To: Yakov Lurye who wrote (12422)	1/8/1998 6:10:00 PM
From: Samuel Lee	Read Replies (3) \| Respond to of 25960

No particular news yet. I think this was with Asia concern again. Morelikely CYMI will test year low(14 1/2) again in next a few days. NVLS will come with earning next week and we will not see much of action until it clears. Still whole sector is under big pressure. Good luck.

To: Yakov Lurye who wrote (12422)	1/9/1998 9:43:00 AM
From: BillyG	Read Replies (1) \| Respond to of 25960

Oops, time to buy more fab equipment................ techweb.cmp.com A service of Semiconductor Business News, CMP Media Inc. Story posted at 9:30 a.m. EST/6:30 a.m. PST, 1/9/98 UICC's damaged fab has second fire By Mark LaPedus HSINCHU, Taiwan -- Taiwan's ill-fated United Integrated Circuits Corp. (UICC) here today was hit by another bizzare fire--just four months after the company's new 8-inch wafer fab was destroyed by a major blaze. The event renews concerns about the safety of Taiwan's semiconductor industry. It is the fourth plant fab fire in Taiwan in just the last 15 months. Today's UICC fire was minor in comparison to the one that occurred on Oct. 3. UICC officials estimated that the blaze caused $416 million in damage to the foundry's new 8-inch fab, shutting it down for one year (see Oct. 8 new coverage). UICC is a joint-venture between Taiwan's United Microelectronics Corp. (UMC) and seven North American fbaless chip companies. Today, construction workers were removing damaged pipes and unusable semiconductor processing equipment from the already-destroyed UICC fab, when another fire broke out at the plant sometime around 11:25 a.m. Apparently, some sparks ignited a sizable fire in a pipeline under the UICC fab, but the Hsinchu-based Fire Department was able to extinguish the blaze by about 1:30 p.m., the spokesman said. There were no injuries, nor was there any damage at the wafer-fab facilities surrounding UICC, namely those of its major investor, Hsinchu-based UMC, the spokesman insisted. Surprisingly, though, UMC has ordered the construction concern that was working at the UICC plant off the project, because that company did not have any experience in tearing down fabs in the first place, according to sources. Instead, the construction company, whose identity was not given, was more experienced in the tearing down old and unusable ships, the sources said. The construction company could not be reached for comment. The Hsinchu-based Fire Department declined to comment. It was unclear why UMC hired the construction company in the first place, but today's event gives Taiwan's IC industry another black eye, according to some observers in the region. In October 1996, Hsinchu-based Winbond Electronic Corp.'s new and initial 8-inch fab was destroyed by a major fire, causing it to shift some of its chip production over to two IC-wafer foundry concerns--Singapore's Chartered Semiconductor Manufacturing Pte. Ltd. and Taiwan Semiconductor Manufacturing Co. Ltd. And last November, Hsinchu-based Advanced Microelectronic Products Inc. reported a fire that damaged the company's 4-inch wafer fab.