Chartered bets on recovery
Chartered Semiconductor Manufacturing Co, the world's third-biggest made-to-order chip maker after Taiwan Semiconductor Manufacturing Co and United Microelectronics Corp, predicted that its third-quarter loss will narrow from the second, and said the industry is recovering. It expects a loss of about US$83 million, compared with the loss of US$90 million it reported today for the second quarter, which matched its result from the year-earlier period. Second- quarter sales were also little changed. Chartered Semiconductor has been unprofitable for 10 straight quarters. Third-quarter sales are expected to increase by 3 percent to 7 percent from the second quarter to about US$134 million, the company said. In the third quarter last year, Chartered lost US$89 million on sales of US$130 million.
Eriscsson posts loss
Swedish telecommun-ications equipment maker Ericsson yesterday posted a loss for the second quarter of the year after taxes of 2.7 billion kronor (US$328 million). Although it was the ninth consecutive quarterly loss for Ericsson, the second quarter result was considerably better than market analysts had predicted. The embattled mobile phone maker posted a loss of 3.1 billion kronor in the second quarter of last year. Second quarter sales amounted to 27.6 billion kronor, down 28 percent compared with the same period last year. But compared with the first quarter of the year, when sales were put at 25.9 billion kronor, the second quarter marked a significant improvement. Ericsson President and CEO Carl-Henric Svanberg said that despite the long string of losses, the company remained "determined to return to profit during 2003."
Boeing cuts 5,000 jobs
The Boeing Co's commercial aeroplanes division Thursday announced the loss of an additional 4,000 to 5,000 jobs by the end of the year. The reason for the cuts is due to continued weakness in the commercial airline industry, the company said in a release. The reductions will be accomplished through layoffs and attrition, and pink slips were to be handed out yesterday to 660 employees. Alan Mulally, Boeing Commercial Airplanes president and chief executive officer, said in the release that Boeing was experiencing an unprecedented and difficult time. The company has laid off 40,000 people since the terrorist attacks on Sept. 11, 2001.
Windows flaw admitted
Microsoft Corp acknow-ledged a critical vulner-ability Wednesday in nearly all versions of its flagship Windows operating system software, the first such design flaw to affect its latest Windows Server 2003 software. Microsoft said the vulnerability could allow hackers to seize control of a victim's Windows computer over the Internet, stealing data, deleting files or eavesdropping on e-mails. The company urged customers to immediately apply a free software repairing patch available from Microsoft's Web site. The disclosure was unusually embarrassing for Microsoft because it demonstrated the first such serious flaw in the company's powerful new computer server software, billed as its safest ever. The software is aimed at large corporate customers.
‘WEAK POSITIVE’: The man arrived in Taiwan in May and was quarantined for two weeks, Chen Shih-chung said, adding that he might be infected a long time ago The government is considering tightening mask-wearing rules again in light of a potential domestic COVID-19 infection, Minister of Health and Welfare Chen Shih-chung (陳時中) said yesterday. The Central Epidemic Command Center (CECC) confirmed seven new COVID-19 cases, six of which are imported. The other case involves a Belgian engineer who entered Taiwan on May 3 and remained in quarantine until May 17, said Chen, who heads the CECC. Although the source of infection has yet to be identified, the case could end the nation’s record of not having any domestic cases in the previous 110 days. The Belgian, in his 20s, is a technician
BRIBERY CASE: President Tsai Ing-wen accepted Su Jia-chyuan’s resignation as he said that he deeply regretted causing trouble for the president due to the investigation Presidential Office Secretary-General Su Jia-chyuan (蘇嘉全) yesterday resigned after his nephew, Democratic Progressive Party (DPP) Legislator Su Chen-ching (蘇震清), was implicated in a bribery case related to a dispute over the ownership of Pacific Sogo Department Store (太平洋崇光百貨). “I resigned from the post so that President Tsai Ing-wen (蔡英文) would not be bothered by it anymore, and the prosecutors can investigate the case in a fair and just manner. I thank President Tsai once again for supporting me. May the country continue to prosper under her leadership,” Su Jia-chyuan said in a statement. The Presidential Office said that Tsai has accepted
ALEX AZAR: The first visit by a head of the Department of Health and Human Services would strictly observe the CECC’s special regulations, the Ministry of Foreign Affairs said US Secretary of Health and Human Services (HHS) Alex Azar is to lead a delegation to Taiwan — the highest-level visit by a US Cabinet official since the two sides cut formal relations in 1979. The plan was announced yesterday morning by the US Department of Health and Human Services and confirmed by the Ministry of Foreign Affairs (MOFA). Beijing has expressed its concerns to Washington, Chinese Ministry of Foreign Affairs spokesman Wang Wenbin (汪文斌) said later yesterday. Taiwan and the US only issued statements saying that the visit would happen “in the coming days.” MOFA said that due to security concerns, it would
The military last week sent “no small number” of Marine Corps officers to the Pratas Islands (Dongsha Island, 東沙群島) following reports of a Chinese People’s Liberation Army (PLA) drill targeting the islands scheduled for this month. In an interview with Hong Kong’s Bauhinia Magazine published on Saturday last week, PLA National Defense University professor Li Daguang (李大光) confirmed that the Chinese army was planning to stage a simulated invasion of the Pratas Islands in the South China Sea this month. The islands comprise three atolls, with Pratas Island, at 1.74km2, being the largest. They lie southwest of Taiwan proper in the South