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UMC'S IMPROVED EARNINGS NOT TO IMPACT RATING: S&P.
HONG KONG, May 1 Asia Pulse - United Microelectronics Corp.'s (BBB/Stable/--) announcement of improved earnings for the first quarter of 2002 and its anticipation that capacity utilization will increase in the second, would have no impact on its rating or outlook since they have already been factored into the current rating, Standard & Poor's said Tuesday.
UMC posted quarterly net sales of New Taiwan dollar NT$12.16 billion (US$347 million), a 12.8 per cent quarter on quarter decline. Net income rose to NT$216 million, from a net loss of NT$3.75 ...
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