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Technology Stocks : Micron Only Forum

MU 345.82

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Jan 12 3:59 PM EST

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To: Sam Citron who wrote (53681)	12/30/2002 10:58:20 AM
From: phbolton	Read Replies (1) of 53903

Hynix rescued for third time (to the tune of $4bn) By Drew Cullen Posted: 30/12/2002 at 10:29 GMT Is there no end to the munificence of Hynix debt-holders? Mostly Korean banks, the Hynix lenders have saved the DRAM maker's bacon for the third time. In two years. The rescue package sees $4bn of debt reshuffled with approx. 40 per cent swapped for equity and longer repayment terms granted on the rest. The Korean banks may be stupid, but they are not that stupid: no new money is advanced to Hynix. more at theregister.co.uk

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