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

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To: IMPRISTlNE who wrote (3790)	9/12/1998 11:23:00 AM
From: Scotsman	Read Replies (1) of 4697

Korea's DRAM Makers Cut Production in Early September September 10, 1998 (TOKYO) -- The three main Korean makers of dynamic random access memory (DRAM) microchips, Samsung Electronics Co., Ltd., Hyundai Electronics Industries Co., Ltd. and LG Semicon Co., Ltd., are each cutting their DRAM production for about a week, Nikkei Electronics learned. LG Semicon stopped operations of its DRAM microchip production lines Sept. 2 and Samsung Electronics did the same from Sept. 6. Hyundai Electronics plans to start reducing production Sept. 10. Samsung and Hyundai have curtailed production in the four months since June. LG cut its output in July and August. Prices of 64Mb synchronous DRAM microchips conforming to the PC100 specifications are maintaining the August levels in the U.S. and Asian markets, thanks in part to the reductions made by the Korean producers, said DRAM marketing officials at Hyundai and LG. nikkeibp.asiabiztech.com.

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