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Technology Stocks : Semiconductor Industry Sales Trends
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To: Ed Hawkins who wrote (95)9/23/1998 1:54:00 PM
From: Michael Sphar   of 105
 
OKI capitulation, note capital spending reduction:

A service of Semiconductor Business News, CMP Media Inc.
Story posted 1:30 p.m. EDT/10:30 a.m. PDT, 9/22/98

Oki to pull out of 256-megabit DRAM race

TOKYO -- Oki Electric Industry Co. here will withdraw from the
next-generation DRAM market by scrapping plans to
mass-produce 256-megabit memory chips, company president
Katsumasa Shinozuka, said at a news conference today.

Shinozuka said Oki would concentrate on producing chips for its
core telecommunications and custom applications business. As a
result, he expected DRAMs to fall from 30% of chip revenues this
year to 15%.

Oki expects to report a $318 million (43 billion yen) loss for the
current fiscal year ending next March 31. The firm is cutting its
capital spending on semiconductors to $94 million (12.4 billion
yen) in the current fiscal year, down from $312 million (42.4 billion
yen) in the year ending March 31, 1997.
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