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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders
LRCX 142.62+2.2%Nov 21 9:30 AM EST

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To: Jong Hyun Yoo who wrote (3713)12/8/1999 11:31:00 AM
From: Proud_Infidel  Read Replies (1) of 5867
 
Lam Research Korea Seeks to Sell Semicon Factory in Chonan
December 8, 1999 (SEOUL) -- Lam Research Korea Ltd. said it is ready to sell its semiconductor equipment factory in Chonan City, South Chungchong Province.




"For the sale, our factory stopped operating," said an official of Lam Research Korea, a supplier of wafer equipment. After the sale, the Korean branch plans to import semiconductor equipment from the U.S. parent company. The sales price will be around 4 billion won, considering its annual sales at 40 billion won, said the company official. (1,150.10 won = US$1)

Colliers Jardine Korea was selected to serve as the lead manager of the sale.

(Maeil Business Newspaper, Korea)
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