Micron Says DRAM Prices To Drop In 3 Mos - Taiwan Report
Thursday, October 21, 1999 12:37 AM
TAIPEI (Dow Jones)--Micron Technology Inc. (MU) of the U.S. has said prices of dynamic random access memory chips will drop in 90 days, a local newspaper reported Thursday.
Officials at Micron couldn't be reached for confirmation.
The U.S. chip giant said Tuesday at an antidumping hearing the introduction of Direct Rambus DRAM chips will substantially increase the supply of memory chips and drive prices down, the Chinese-language Economic Daily News reported.
Rambus DRAM technology, developed by U.S. chipmaker Rambus Inc. (RMBS), speeds up the communication between the DRAM chip and a computer's microprocessor, and includes Intel Corp. (INTC) among its backers.
Thursday's newspaper report, along with a recent weakening of DRAM prices and Dell Computer Corp.'s (DELL) announcement earlier this week it would install less memory in its PCs due to a run-up in DRAM prices over recent months, has put chip stocks on the Taiwan bourse under heavy selling pressure.
Winbond Electronics Corp. (Q.WBE) closed Thursday unchanged at NT$56.50, while Mosel Vitelic Inc. (Q.MVT) shed NT$0.80 to end at NT$35.80. The companies' shares were the two most actively traded stocks Thursday.
An eight-inch 64 megabit DRAM chip, the industry standard, now costs around US$11, off recent highs of more than US$20, but up from US$4 in June
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