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Technology Stocks : Micron Only Forum

MU 237.16

+4.6%

Dec 5 9:30 AM EST

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To: Thomas G. Busillo who wrote (47724)	8/19/1999 9:28:00 AM
From: DJBEINO	of 53903

KOREAN AGENCY APPROVES HYUNDAI TAKEOVER OF LG SEMICON SEOUL - The Fair Trade Commission (FTC) has legally approved on Thursday Hyundai Electronics Industry's takeover of LG Semicon. Hyundai's takeover of LG Semicon will not threaten the DRAM market, even with the share price soaring to 39.8 percent after the merger, since Samsung Electronics still accounts for the lion's share of 45.1 percent. The FTC concluded that free competition based on price was also under no threat because domestic chipmakers cannot raise prices easily, due to the number of rivals abroad. biz.yahoo.com

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