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To: Barry Grossman who wrote (12733)	1/9/1999 6:09:00 PM
From: MileHigh	Respond to of 93625

I do not remember this being posted, it's one way of financing equip purchases. TAIPEI -- Vanguard International Semiconductor Corp. will issue an additional 179 million shares during the first half of 1999 as part of a rights issue, the company said in a press release on Monday. No pricing details were provided. The capital raised from the issue will be used to purchase new production equipment and manufacturing technology, according to the release. Vanguard said it plans to use leading-edge 0.19 micron technology to make 64 MB and 128 MB dynamic random access memory (DRAM) and Rambus DRAM chips. The company, a 27%-owned unit of Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest pure chip foundry, has cut losses to NT$350-400 million (US$1=NT$32.258) per month from NT$700-800 million per month earlier this year amid a rebound in DRAM prices.