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To: Madharry who wrote (4356)	12/10/1998 11:17:00 PM
From: DJBEINO	Respond to of 9582

Taiwan's chip makers poised for recovery By Mark LaPedus Electronic Buyers' News (12/10/98, 04:44:05 PM EDT) After a disappointing year in the semiconductor industry in 1998, Taiwan'sambitious chip makers are looking to rebound next year. The island's semiconductor industry in total is projected to grow by healthy 24.4% next year, from $10 billion in 1998, to $12.4 billion in 1999, according to Genda Hu, president of the Taiwan Semiconductor Industry Association (TSIA), based in Hsinchu. Giving these figures during the opening keynote speech yesterday at the U.S.-Taiwan Semiconductor Conference in Santa Clara, Calif., Hu projected that Taiwan's IC industry is slowly but surely recovering from its first-ever downturn. ''This year, Taiwan's chip industry will be flat,'' Hu told an audience of more than 300 attendees at the conference. ''But that's pretty good considering the overall state of the semiconductor industry.'' But despite the downturn and getting hit with its second memory dumping complaint by Micron in a year, the Taiwanese chip faction is not waving the white flag. “We still plan to invest $80 billion (in our semiconductor industry) over the next decade,'' Hu added. The U.S.-Taiwan Semiconductor Conference, which runs Dec. 9-10, is co-sponsored by the China External Trade Development Council (CETRA), as well as EBN's parent company, CMP Media. The idea behind the conference is to forge stronger business ties between Taiwan and the U.S., according to Ricky Y.S. Kao, secretary general of the powerful CETRA organization, a quasi-government trade organization, based in Taiwan. At the conference, Taiwan's chip maker not only were promoting their own products and services but also looking for answers to one big question: When will the worldwide IC industry recover? ''We see business picking up now, but its more of a seasonal uptick,'' said Donald Brooks, chief executive of international operations for Taiwan's United Microelectronics Corp. (UMC), Hsinchu. ''I don't think we'll see a recovery until the second half of next year.'' UMC's foundry rival, Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), had another opinion. ''We beginning to see some positive signs,'' said Magnus Ryde, the new president of TSMC's U.S. operation, TSMC-USA, based in San Jose, Calif. ''We could see be a recovery before the third quarter of 1999. But when I ask my customers that question, they simply don't know (when the chip market will recover.)'' Adding to the capacity-glut problems is that Taiwan is being flooded by more, new foundry competitors-many of which are looking to grab or steal business away from the Big Three foundry players--TSMC, UMC, and Singapore's Chartered Semiconductor Manufacturing Pte. Ltd. “Business looks good right now,”said Wayne Liang, vice president of a new foundry concern called Worldwide Semiconductor Manufacturing Corp., Hsinchu. Though Taiwan is already the foundry capital of the world, the island faces some big challenges in order to take it to the next level. ''The biggest challenge for Taiwan is developing system-on-a-chip products,'' Brooks observed. ''Taiwan is also poised to take a leadership role in DRAM-if they can hold out until the market picks up.'' ebnews.com

To: Madharry who wrote (4356)	12/11/1998 2:13:00 PM
From: Norrin Radd	Respond to of 9582

Armin, the up/down volume ratio is at 2.9 and the slope is up. The definitions for those who want to know are: U/D (Up/Down Volume Ratio) A 50-Day ratio of a stock's daily Up-Volume to daily Down-Volume. This ratio is calculated by dividing the total volume on days when a stock closed Up by the total volume on days it closes Down. Readings of 1.0 and greater denote Accumulation (Bullish), while readings under 1.0 signal Distribution (Bearish). Slope (Up/Down Volume Ratio Slope) The Up/Down Volume Ratio Slope identifies the direction in which the Up/Down Volume Ratio is pointed. Although the raw U/D Volume Ratio is a valuable indicator, it is the direction or Slope of this indicator that forewarns of a change of trend in a stock's price.