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Politics : Formerly About Applied Materials

AMAT 252.25

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Nov 28 9:30 AM EST

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To: StanX Long who wrote (63365)	5/2/2002 1:37:20 AM
From: StanX Long	Read Replies (1) of 70976

Taiwan Memory-Chip Makers Fall on Concern About Sliding Prices By Iain Pocock quote.bloomberg.com Taipei, May 2 (Bloomberg) -- Shares of Nanya Technology Corp. and other Taiwanese computer memory-chip makers plunged on concerns that the supply of chips may rise, pushing prices below the cost of production, following Tuesday's collapse of an agreement for Micron Technology Inc. to buy South Korea's Hynix Semiconductor Inc. The rejection by Hynix's board of the $3 billion sale disappointed investors who had expected the creation of the world's No. 1 memory chipmaker to result in cutbacks in production that would reduce oversupply. ``Hynix is a price-killer,'' said Li Fang-kuo, head of research at IBT Securities Co., which manages more than NT$4 billion ($115 million) of stocks. ``It needs cash, so it dumps chips into the spot market.'' The price of a 128-megabit dynamic-random-access memory chip has fallen 6 percent so far this week, according to DRAMeXchange, a market place for memory chips.

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