TITLE

UMC Q1 net income drops 88%, sales down 5%

AUTHOR(S)
Mutschler, Ann Steffora
PUB. DATE
May 2007
SOURCE
Electronic News;5/7/2007, Vol. 53 Issue 19, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Taipei, Taiwan-based semiconductor wafer foundry United Microelectronics Corp. (UMC) reported to Taiwan Stock Exchange that sales for its first-quarter (Q1) ended March 31, 2007 were $671.8 million 5.4 percent lower than $709.8 million in Q1 2006. The foundry's Q1 net income fell 88.1 percent to $43.8 million from $368.9 million in Q1 2006, it's lowest quarterly net income since Q2 2005.
ACCESSION #
25093773

 

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