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United Microelectronics Corporation (UMC) [hlAlert]

Rating:
Hold UMC

United Microelectronics Corporation (UMC) rated Hold

Posted on: Thursday,  Aug 2, 2007  9:25 AM ET by Friedman Billings

United Microelectronics Corporation (UMC)
rated Hold with price target $3.50 by Friedman Billings.

United Microelectronics Corporation is engaged in the business of manufacturing or fabrication of semiconductors. Using the processes and techniques, the Company manufactures chips to the design specifications of the customers. The Company maintains a customer base across industries, including communication, consumer electronics, computer, memory and others. During the year ended December 31, 2008, the net wafer sales derived from the products used in communication devices, consumer electronics, personal computers (PCs), memory and other applications were 55.86%, 24.66%, 17.27%, 0.72% and 1.49% respectively.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/13/2009 8:25 AM Hold
None
2.05 1.75
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/4/2008 1:25 PM Hold
None
2.50 2.85
3/10/2008 9:25 AM Hold
None
3.06 3.00
8/2/2007 9:25 AM Hold
None
3.21 3.50

(*) Stock Price at the time of the recommendation.
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