STOCK ALERT - Taiwan's UMC sharply lower on Aug sales decline

Tue. September 09, 2008; Posted: 09:36 PM

TAIPEI, Sep 10, 2008 (XFN-ASIA via COMTEX) -- UMC | Quote | Chart | News | PowerRating -- United Microelectronics Corp (2303.TW) was sharply lower after the world's second-largest contract chipmaker reported weak August sales.

At 9.13 am, UMC was down 0.35 twd or 2.80 pct at 12.15 on volume of 6.69 mln shares.

UMC said yesterday that its parent-level sales fell to 8.17 bln twd in August from 8.54 bln in July and were down 21.74 pct from the same month last year.

Parent sales for the first eight months of the year amounted to 65.94 bln twd, down 3.89 pct..

(1 usd = 31.80 twd)

adela.lin@afxasia.com

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For full details on United Microelectronics Corporation ADS (UMC) click here. United Microelectronics Corporation ADS (UMC) has Short Term PowerRatings of 5. Details on United Microelectronics Corporation ADS (UMC) Short Term PowerRatings is available at This Link.

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