Temasek to Sell CSM stake

[makapaaa]

<TABLE id=msgUN cellSpacing=3 cellPadding=0 width="100%" border=0><TBODY><TR><TD id=msgUNsubj vAlign=top>

Coffeeshop Chit Chat - Temasek to Sell CSM stake</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">teh_si <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">Oct-26 6:36 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 5) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>1826.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Ho Jinx cutting loss after using taxpayers' money to prop up the company for the past 8 years.. how much have been lost?
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AFA: Singapore's Temasek Seeking to Sell Chartered Semi Stake
TAIPEI (XFN-ASIA) - Singapore's Temasek Holdings is seeking to sell
its stake in Chartered Semiconductor Manufacturing Ltd and has
approached Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW),
the Economic Daily News reported, citing market rumors.
Temasek currently holds 60 pct of Chartered Semiconductor, which has a
7.4 pct share of the semiconductor contract manufacturing market.
TSMC commands about half of the semiconductor foundry market, it
reported.

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[makapaaa]

<TABLE class=msgtablealt cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"></TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">Reynart <NOBR></NOBR></TD><TD class=msgDate noWrap align=right width="30%">Oct-26 6:57 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">teh_si <NOBR></NOBR></TD><TD class=msgNum noWrap align=right>(2 of 5) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4></TD><TD class=wintiny noWrap align=right>1826.2 in reply to 1826.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Looks like Temasek is bleeding badly and has to resort to asset sales to raise funds to cover up losses in other areas.</TD></TR><TR><TD></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

 

[BlueCat]

nothing to be shocked at the news.
so how do you think those western countries raised their bail-out funds.
also by selling some of these assests and loan from other financial institutions.
it is just that they do not publish it.

 

[phouse3]

The key words are "citing market rumours".

In this kind of market, CSM has to make an offer so cheap that TSMC cannot resist. Someone's head will roll.

TSMC will likely have excess capacity in the coming years. In any case, acquiring CSM will lower its overall capacity utilisation.

TSMC will have difficulty raising financing in this credit crunch. It's credit rating will fly south even if it managed to.

A share swap will send the price of TSMC reeling. Someone's head will roll.

I think it is wild rumours.

 

[singveld]

they are going to kill CSM off finally?

good. good. no point dropping money into a black hole indefinitely.

some sinkies will lose their jobs, but mostly FT/FW.

 

[Cestbon]

they are going to kill CSM off finally?

good. good. no point dropping money into a black hole indefinitely.

some sinkies will lose their jobs, but mostly FT/FW.

In next 3~6 month many company will start cutting manpower for sure. Many will be electronic because is an optional/acessories for consumer not to buy/upgrade eg. computer,handphone .