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Politics : Formerly About Applied Materials

AMAT 220.28

-6.4%

Nov 20 3:59 PM EST

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To: Math Junkie who wrote (24015)	9/10/1998 12:40:00 AM
From: Gottfried	Read Replies (2) of 70976

Richard/all, IBM and Pacific Electric? Not sure if this was posted before. "Taiwan's Pacific Electric May Team With IBM" (09/09/98; 11:26 a.m. ET) By Sandy Chen, Electronic Buyers' News Despite the downturn in the semiconductor industry, Taiwan's Pacific Electric Wire & Cable Co. Ltd. may enter the integrated circuit (IC)-wafer foundry business by signing a deal with a surprising partner -- IBM.[snip] In 1999, the companies will break ground on the fab near Taipei, at a cost of nearly $898.3 million, he said. Under the plan, IBM will transfer its 0.25- to 0.13-micron process technologies, as well as its prized copper-interconnect portfolio. IBM declined to comment on the possible deal.[snip] techweb.com GM Isn't "nearly $898.3 million" suspicious? I could understand "nearly $900 million"

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