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Technology Stocks : Micron Only Forum
MU 224.49+0.3%3:59 PM EST
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To: eddie r gammon who wrote (40232)10/21/1998 10:58:00 PM
From: DJBEINO  Read Replies (1) of 53903
 
Micron, electronic component makers' assn may sue Asian cos over DRAM dumping

BRUSSELS (AFX-ASIA) - Micron Technology Inc will look at any proposals by
the European Electronic Component Manufacturers' Association (EECA) for filing
an EU complaint on allegedly dumped dynamic random access memory (DRAM) imports
from Asia, European production unit board member Mauro Marcucci said.
Marcucci said Micron, which may become a member of the association, has a
policy to seek government action against dumping by other producers in whatever
region Micron operates.
The European Commission rejected an EECA demand for an investigation into
South Korean DRAM dumping this summer and told the association to file a
complaint which also includes Japan.
"I am not saying that Micron will take action against Korea or Japan
because we have not looked at the information. But once we have the
information, we will fight dumping irrespective of the region," Marcucci said.
A Siemens AG source said it is not clear whether EECA will challenge in
court the commission's rejection of its complaint or whether it will file
another complaint that will include Japan.
Any decision will be "a political" one, taking account of efforts to
persuade Korea not to use IMF money to support DRAM production, and efforts by
European companies to enter the Japanese market, he said.
The source said Korean producers with a 35-40 pct share of the EU market
are able to set DRAM prices worldwide but added that all producers are
currently producing below cost.
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