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Technology Stocks : Micron Only Forum

MU 312.15

-1.0%

Jan 5 3:59 PM EST

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To: TREND1 who wrote (27082)	1/24/1998 7:04:00 PM
From: Ted The Technician	of 53903

Micron to pressure Congress over South Korean bailout Copyright c 1998 Nando.net Copyright c 1998 Agence France-Presse SEATTLE (January 24, 1998 12:13 p.m. EST ) - Micron Technology, which has witnessed a two-year price drop on its semiconductor products, is about to pressure the U.S. government to condition the bailout of South Korea's stricken economy. Early next month, Steven Appleton, chairman of the Idaho chipmaker, will testify before the House of Representatives to raise concerns about a South Korean semiconductor industry that Micron says enjoys an unfair advantage over U.S. competitors. Appleton is set to argue that the $57 billion International Monetary Fund loan package to Seoul will prolong unfair business practices in South Korea unless industry reforms are instituted, Micron spokeswoman Julie Nash said. continued at ...http://www2.nando.net/newsroom/ntn/biz/012498/biz20_9697_noframes.html

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