Market Currents

• Tuesday, September 8, 2009

• 07:34 AM Yesterday's announcement (.pdf) that Abu Dhabi's ATIC will buy Chartered Semiconductor (CHRT) for $1.8B could spell trouble for Taiwan's leading chip manufacturers, including Taiwan Semiconductor (TSM) and United Microelectronics (UMC). Comment!

• Thursday, April 23, 2009

• 18:46 PM Chartered Semiconductor Manufacturing (CHRT): Q1 EPS of -$0.26 beats by $0.16. Revenue of $244M (-37.2%) vs. $240M. Sees Q2 EPS of -$0.09 to -$0.05 vs. consensus of -$0.35, and revenue of $321-333M vs. $269M. (PR) Comment!

• Thursday, February 12, 2009

• 13:15 PM Charter Communications (CHRT) to file for bankruptcy protection by April 1 as part of an agreement with some of its debtholders to reduce its debt by about $8B. Shares are currently halted. (WSJ) 1 Comment

• Tuesday, February 10, 2009

• 09:24 AM Intel's (INTC) new 32 nanometer fabs will keep it well ahead of the competition (AMD, IBM, CHRT). Comment!