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Technology Stocks : Micron Only Forum

MU 230.24

+2.5%

Nov 26 3:59 PM EST

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To: Mike Sendler who wrote (47895)	8/31/1999 1:29:00 AM
From: DJBEINO	Read Replies (1) of 53903

Korean chip makers enjoy soaring profits Aug 31, 1999 - Korean semiconductor manufacturers are expected to enjoy as handsome profit as they had during the boom days between 1994 and 1996, in line with growing demand for memory chips, according to industry sources. Analysts say that the global dynamic random access memory chip market is showing an obvious sign of recovery, which is similar to that of the 1994-1996 boom days. The spot market price of 64-megabit DRAM chips, which plunged to US$4.50 last June, has soared to US$8 to US$8.65. Samsung Electronics officials predicted that the price of 64-meg memory chips would recover to the US$10 level by the year's end. For this reason, the Korean chip maker expects more than 2.5 trillion won (about US$2.1 billion) in net profit in this year's semiconductor sales. Hyundai Electronics Industries and LG Semicon, which suffered losses during the first half as a result of their tedious merger, also are expected to generate profits during the second half of the year.

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