MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: KiWi who wrote (3200)	3/26/1998 11:03:00 PM
From: Scotsman	of 4697

Here's some more. These posts may not be directly related to WFR, but they show there is a slowdown in expansion and production taking place, just the think to cure our current glut problem. Mitsubishi Electric (6503) To Shut Some Semiconductor Production Lines TOKYO (Nikkei)-Mitsubishi Electric Corp. plans to reduce semiconductor production at its Kumamoto and Fukuoka factories in fiscal 1998, including a cut in scheduled output of 64-megabit DRAMs, a company official said Wednesday. The firm will suffer a loss in fiscal 1997 owing mainly to a 60 billion yen deficit in the semiconductor division. Fiscal 1998 should see the company move back into the black if it can reduce the loss on semiconductor operations to 40 billion yen. Two out of three lines at the Kumamoto facility will be used to make electrical appliances instead of semiconductors. It will be the first production line suspension for chips in 13 years. Semiconductor output at the Fukuoka plant will also fall. Total savings should reach 10 billion yen per year in electricity bills alone, a company official said. Monthly production of 64-megabit DRAMs will drop to 1 million units from 4 million at present.

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