FLAT-PANEL TELEVISIONS: A possible alliance would help Teco Electric penetrate the China market, while Konka Group would gain an edge in its drive to go global
By Lisa Wang
Teco Electric and Machinery Co (東元電機) is in talks with Konka Group Co Ltd (康佳) to supply flat-panel televisions and handsets to China's third-largest consumer electronics vendor, a Teco executive said yesterday.

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TAX MAN COMETH: Beginning Aug. 1, stock options will be subject to income tax, prompting charges by business leaders that the high-tech sector will be hurt
By Joyce Huang
The government plans to levy income tax on stock options granted to workers by companies, and the new policy may take effect on Aug. 1, according to the Ministry of Finance.

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By Jackie Lin
Taipei's Tienmu district might soon become the next popular shopping area after Shin Kong Mitsukoshi Department Store (新光三越) opens an outlet there to rival the 10-year-old Takashimaya Department Store (大葉高島屋).

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Toshiba Corp, which fell from the ranks of the world's biggest laptop computer makers this year, said it will debut a notebook computer that doubles as a TV.

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Powerchip Semiconductor Corp (力晶半導體) said it discussed providing production capacity to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world's largest supplier of made-to-order chips, which has more orders than it can meet.

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IMAGINARY INCREASES: Actual supplies will change little from current levels because most petroleum-exporting countries are already producing at peak levels
Oil prices eased further below US$40 a barrel yesterday as an OPEC deal to pump more crude outweighed fears of political instability in top producer Saudi Arabia.

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Citing continued strong demand for computer chips, Intel Corp tightened and raised the midpoint of its second-quarter revenue forecast Thursday.

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Share prices closed 0.94 percent higher yesterday on suspected government support after heavy losses Thursday on speculation that China would impose economic sanctions against Taiwan.

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■ CPC gas prices increase
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