My translation is not that great, but bascially
these newspapers reported that TSM is not yet back on
line as some equipment moved. Accounting to my
calculation, based on my high tech experience, TSM will
roughly lose 1 month profit for every week idle. The
matter worsens as the sales will go to other companies
and strengthen their pockets, i.e., the enemies
becomes richer at TSM expense.
TSM: Q3 RESULTS IN LINE FOLLOWING BRISK
REBOUND FROM QUAKE; OUTLOOK FIRM; RAISING
AND REITERATE BUY
October 25, 1999
ANALYST(S): BILLAT, SUSAN;BYERS,
The following synopsis is qualified in its
entirety by the more detailed information contained in the
research report, including the discussion of
certain risks associated with an investment in this
contained in "Investment Risks."
dated prior to September 1, 1998 was prepared by an
entity that was acquired by BancBoston
Q2 EPS of $0.13 vs.
consensus $0.14. Factoring in the fact that TSMC lost 2
weeks of production due to
ex-quake, TSMC would have met and likely exceeded
Utilization rate of 96%, underscores strength of
management and fundamentals.
Output and cycle times are
expected to return to pre-quake levels in early Q4.
our view, TSMC's fundamentals continue to strengthen
and we are raising our 1999 estimates. We
reiterate our Buy rating on the stock.
After the quake TSM's stock prices were down from
fears of damage to their fab factory. But now the
prices are heading back to where they were before seeing
as their production levels are moving back to 100%.
WSJ backs up your info in
Semiconductor Says Net Nearly Tripled in Quarter
more tech headlines visit
GREAT earning considering the earthquake a month ago.
Will go full speed for 4Q. Today's quake should NOT
have any impact.
Go TSM! Congrats to
is traded in taiwan now. But the company will
apply to be listed in the u.s. In adrs (just as tsm
now). So we will have more foundry companies in the
u.s. For trade, including singapore's chartered
In Taiwan, investors may focus on United
Corp. and chip-related shares after UMC said it's
prices for eight-inch equivalent
wafers by 5 percent to 25
worldwide demand is heating up. UMC will also
prices for some long-term buyers starting in January,
Peter Chang, chief executive in foundry
``We don't see any clouds over the foundry business,''
Andrew Lu, a senior analyst at Credit Suisse First
``There's huge growth potential for UMC'' and rival
Semiconductor Manufacturing Co. Lu gives a ``buy'' rating on