United Microelectronics Corporation (NYSE: UMC)
Nothing is certain in life. That said, I see UMC above its 52 week high sooner than just about any on this list.
This chart from Friday’s press release from the Company:
| Revenues for July 2013 | ||||
| Period | 2013 | 2012 | Y/Y Change | Y/Y (%) |
| July | 11,557,852 | 10,357,536 | +1,200,316 | +11.59% |
| Jan.-July | 71,243,972 | 67,004,300 | +4,239,672 | +6.33% |
| (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. | ||||
Now – what does that “really” mean?
If you follow FLOW like I do, you know the ins and outs of the fundamentals that pushed it to its recent 52 week high weeks ago. While earnings could even be better as some expected, let’s look at THREE PRESS RELEASES THAT TELL YOU EVERYTHING IS GOING TO BE GREAT HERE:
- Number one and most important: Jun 13, 2013 – UMC Joins IBM Chip Alliance for 10nm Process Development
- Number two: June 10, 2013 – UMC Reports Sales for May 2013
- Number three: May 28, 2013 – ilopass and UMC Align for Advanced 28nm IP
Bottom line: I cannot wait to see the bottom line on UMC this time next year.