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

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To: Zeev Hed who wrote (3810)	9/16/1998 10:06:00 PM
From: Scotsman	of 4697

To: Jim Goodman (3967 ) From: DJBEINO Wednesday, Sep 16 1998 12:10AM ET Reply # of 3973 Korean chip makers will cut output in early October Sep 16, 1998 - Samsung Electronics and Korea's two other semiconductor chip makers will stop production of memory chips for four to seven days in early October in order to stabilize chip prices, according to industry sources. The sources said that the three companies, including LG Semicon and Hyundai Electronics Industries, would halt manufacturing of chips before and after the three-day Chusok holiday, which begins on a Sunday, Oct. 4. With the decision, Samsung and Hyundai have been cutting production once a month since June, and LG Semicon has reduced output since July. The sources noted that such efforts would reduce their memory chip production by about 30%. In this connection, the price of 64-megabit DRAM chips has recovered to US$10 from its bottom of US$7 early this year, according to the sources.

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