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United Microelectronics Corporation Message Board

  • sragonese sragonese Aug 22, 2013 6:17 PM Flag

    200mil shares Repurchased and Good Future...


    I have to say, with all honesty, something good will happen in the near future for UMC. The repurchase of 200mil shares back in May, shares allocated for employees, shows a lot of confidence in their future on top of treating their employees admirably. UMC has been around since 1980, and management has continued to upgrade their facilities throughout all the tech changes since. They got plenty of cash, book value well over stock price, sales are still in line, and with some competitors slowly diminishing throughout the many tech changes, I feel UMC will stand the test of time. Based on speculation regarding rumors: Can Apple throw some business their way? It's possible, and if they do, UMC will finally get their kudos after so many years of surviving its cyclical upgrades. Not sure how long it will take for the street to truly acknowledge UMC, but I'm holding long with the many UMC employees who will benefit after so many years of hard work... Call me old fashion, but some good things still reside in the gut when making a transaction....

    Sentiment: Strong Buy

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