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Enter Symbol:
 
United Microelectronics Corporation (UMC) [hlAlert]

Rating:
Neutral UMC
up 28.92 %

United Microelectronics Corporation (UMC) upgraded to Neutral by JP Morgan

Posted on: Tuesday,  Mar 10, 2009  8:25 AM ET by JP Morgan

JP Morgan rated Neutral United Microelectronics Corporation (NYSE: UMC) on 03/10/2009. Previously JP Morgan rated Underweight United Microelectronics Corporation (NYSE: UMC) on
07/31/2008., when the stock price was $2.63. Since then, United Microelectronics Corporation has lost 22.43% as of 03/10/2009's recent price of $2.04.
If you would have followed the previous JP Morgan's recommendation on UMC, you would have gained 28.92% of your investment in 222 days.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/10/2009 8:25 AM Hold
None
2.04
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -4.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/31/2008 10:25 AM Sell
None
2.63

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