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Technology Stocks : ESST-the new beginning. -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (2223)	1/8/1999 3:30:00 PM
From: Steve Reinhardt	Read Replies (1) \| Respond to of 3493

"The ESST Chinese connection is pretty cryptic to me, as I know not a whole lot of companies who have "made money" in China! Participating in the market is one thing - making money is another!" Ram, Motorola made a lot of money in the mid 90's. So is AT&T, ALcatel, Philips and Siemens. Mostly in the telecomm area as China is modernizing its infrastructure and spending national resources to build them. The $2500 PC isn't doing too well in China.(But they have 5 million PC sales in 1998 in China). Craig Barret knows every Chinese parent will buy a computer for their only child. But I think it is the sub $500 PC will mashroom in China. I think both DIMD and ESST have a good potential, they are simply under-valued by the Streets people who are over-cautious about Silicon Valley high tech companies. And there's a lot of day traders and options players targeting companies like ESST and DIMD, etc.

To: Ram Seetharaman who wrote (2223)	1/8/1999 3:37:00 PM
From: Steve Reinhardt	Read Replies (3) \| Respond to of 3493

Ram, Look at TSMC price jump today!! This is significant because TSMC is a major foundry for all ESS's product. Although UMC is another one for ESS. UMC is doing good business as well. UMC president announced yesterday they are going to spend several hundreds of millions to buy new semiconductor manufacturing equipments... Steve ******************************************* Friday January 8, 12:14 am Eastern Time Taiwan Semicon '98 sales up 14.3 pct y/y TAIPEI, Jan 8 (Reuters) - Microchip powerhouse Taiwan Semiconductor Manufacturing Co said on Friday its 1998 net profit suffered a modest decline even as sales rose, but forecast better sales and profits in 1999. Taiwan Semiconductor, a global leader in made-to-order ''foundry'' chipmaking, said its 1998 sales rose 14.3 percent to T$50.233 billion, compared to T$43.936 billion in 1997. The firm estimated its 1998 net profits at T$15.34 billion (US$477 million), a 14.6 percent decline compared to T$17.96 billion in 1997. Taiwan Semiconductor issued the preliminary results in a statement after the close of Friday stock trading. Taiwan Semicon stock closed on Friday at T$76, up T$1. For December alone, Taiwan Semiconductor posted sales of T$3.459 billion, down 35.5 percent compared to T$5.36 billion in December 1997, it said. Taiwan Semiconductor said the worldwide microchip market will have taken a 10 percent hit in 1998, but said Taiwan Semicon remained competitive. ''The fact that Taiwan Semiconductor recorded 14.3 percent sales growth in 1998 shows the strong competitive advantages of the company,'' it said. The firm expects to perform well in 1999. ''Our company's booking volume in December reached a monthly record high,'' spokesman Y.C. Huang said in the statement. ''It is expected that Taiwan Semiconductor's 1999 sales and profits would outperform those of 1998.'' The 1998 figures have not been audited, it said. Taiwan Semiconductor also lists American Depositary Receipts (NYSE:TSM - news) in Wall Street. (US$=T$32.2)