07.05.2001
Macronix is sinking

• Development: During yesterday’s visit, Macronix indicated a weaker outlook for 2H01 for three of their major product categories: Mask ROM, flash and SOC.

• Analysis: From our preliminary estimates, 2001 revenue and profit are expected to be down 25% and 40-50% from the official April 2001 forecast of the company.

• Primasia View: Macronix tends to be considered a safer semiconductor play compared to foundry and DRAM plays. The company has seen a relatively stable share price performance during the past year.

LindaLiu@Primasia.com +886-[0]2-2547-8867