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

Rating:
Mkt Perform
UMC

United Microelectronics Corporation (UMC) rated Mkt Perform with price target $2.25 by FBR Capital

Posted on: Tuesday,  Jul 7, 2009  8:25 AM ET by FBR Capital

United Microelectronics Corporation (NYSE: UMC)
rated Mkt Perform with price target $2.25 by FBR Capital.

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 uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/7/2009 8:25 AM Hold
None
2.54 2.25
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/26/2009 8:25 AM Hold
None
2.98 2.50

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