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Technology Stocks : Alliance Semiconductor

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Jul 10 5:00 PM EST

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To: Bill Hermesmann who wrote (4008)	9/22/1998 11:17:00 AM
From: DJBEINO	of 9582

Oki to cut DRAMs to 15% of chip output by 2000/01 TOKYO, Sept 22 (Reuters) - Oki Electric Industry Co Ltd said on Tuesday it planned to cut the ratio of general-use DRAM (dynamic random-access memory) chips to total chip output to 15 percent in the year 2000/01 from 30 percent this year. Oki said it would focus its chip investment on SOI (silicon on insulator) processing technology, and would stop its volume DRAM sales business after the 256 megabit generation of chips. Oki said it would also cut at least 10 percent of its work force in the chip business division, or at least 500 workers, by March 2000. Capital spending on semiconductors will be slashed to 10 billion yen in 1999/2000, and to 20 billion in 2000/01, Oki said in a statement. Oki said it planned to cut its work force on a parent basis by 1,500 by March 2001. Oki also said it aimed for a group current profit of 40 billion yen and a parent current profit of 30 billion yen in the year 2001/02 under its a management reconstruction programme. It plans to revive dividend payments in the year 2000/01 by achieving a parent profit of 20 billion yen in that year.

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