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Technology Stocks : ASML Holding NV
ASML 1,413-1.1%Feb 10 3:59 PM EST

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To: niek who wrote (1268)10/18/2006 9:48:38 AM
From: niek  Read Replies (1) of 43451
 
Flash memory overcapacity needs correction-ASML CEO

Wed Oct 18, 2006 9:20am ET

AMSTERDAM, Oct 18 (Reuters) - Dutch electronic chip equipment maker ASML Holding NV said on Wednesday there was overcapacity in flash memory production that would require a correction in the future.

"Flash memory does indeed call for a correction at some time," Chief Executive Eric Meurice said in a conference call.

ASML earlier on Wednesday reported record sales and profit in the third quarter, above most analysts' forecasts thanks to huge demand for memory chips used in MP3 players.
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