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Technology Stocks : Intel Corporation (INTC)

INTC 36.15

-0.6%

Dec 24 12:59 PM EST

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To: Road Walker who wrote (182690)	11/22/2005 5:44:47 AM
From: Amy J	Read Replies (1) of 186894

John, so what do you think about the news? This should be interesting. yahoo.reuters.com Shares in Asian chip makers such as Samsung Electronics (005930.KS: Quote, Profile, Research) and Toshiba Corp. (6502.T: Quote, Profile, Research) skidded on Tuesday after two U.S. rivals set a deal to produce chips used in digital cameras. Samsung has a 50 percent flash market share, Toshiba 23 percent and Hynix 13 percent Samsung said on Monday it would invest 636.9 billion won ($614.2 million) in new memory chip lines to boost production of flash and DRAM (dynamic random access memory) chips. Industry-wide growth in flash memory sales topped 30 percent in the lastest quarter. "Flash memory is the main source of income for Toshiba... (but) even if Intel enters the market, it will take time to grab certain market share," said Toshihiko Matsuno Intel is the world's top maker of NOR-type flash memory but NAND-type flash chips are expected to outgrow NOR this year to reach a value of $10.8 billion against a shrinking $6.5 billion NOR market this year. biz.yahoo.com South Korea's Main Index Falls 1.9 Pct. SEOUL, South Korea (AP) -- South Korean shares fell Tuesday as foreign investors sold shares of major chip makers on worries that a new U.S. joint venture between Intel and Micron will likely intensify competition.

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