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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?
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To: KiWi who wrote (3200)3/26/1998 11:00:00 PM
From: Scotsman   of 4697
 
Hey, I'm on a roll with related stuff.

Mitsubishi Electric to cut yr to March 1999 microchip capex to 50 bln yen

TOKYO (AFX-ASIA) - Mitsubishi Electric Corp said it will cut its year to
March 1999 microchip division capital spending to 50 bln yen from 90 bln
expected in the year to March 1998.
Of this total, it said it will cut year to March 1999 spending on the
offshore microchip division to 3 bln yen from 30 bln planned in the year to
March 1998, with spending on domestic microchip activities cut to 47 bln yen
from 60 bln.
In the year to March 1999, it said it sees microchip division output
totalling 540 bln yen, up from 510 bln expected in the year earlier.
Of the total, Mitsubishi Electric said it sees output of memory chips
falling to 150 bln yen in the year to March 1999 from 175 bln yen expected in
the year to March 1998, with output of microcontrollers and application
specific chips to rise to 280 bln yen from 230 bln.
The balance of the output will be composed of power microchips, with year
to March 1999 output here to rise to 110 bln yen from 105 bln expected in the
year to March 1998, it said
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