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

Rating:
Neutral UMC
up 78.04 %

United Microelectronics Corporation (UMC) downgraded to Neutral by UBS

Posted on: Wednesday,  Oct 7, 2009  8:25 AM ET by UBS

UBS rated Neutral United Microelectronics Corporation (NYSE: UMC) on 10/07/2009. Previously UBS rated Buy United Microelectronics Corporation (NYSE: UMC) on 02/13/2009.,
when the stock price was $2.05. Since then, United Microelectronics Corporation has gained 78.05% as of 10/07/2009's recent price of $3.65.
If you would have followed the previous UBS's recommendation on UMC, you would have gained 78.04% of your investment in 236 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/7/2009 8:25 AM Hold
None
3.65
as of 12/31/2009
1 Week   
1 Month   
3 Months down  -3.94 %
1 YTD up  78.04 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/13/2009 8:25 AM Buy
None
2.05
10/12/2007 9:25 AM Hold
None
3.98

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