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Technology Stocks : Micron Only Forum
MU 226.65-3.2%Dec 4 3:59 PM EST

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To: Skeeter Bug who wrote (40799)11/10/1998 9:46:00 AM
From: Carl R.  Read Replies (3) of 53903
 
I'm sure it was posted on this thread that Korea had cancelled scheduled production cutbacks this month, now that DRAM prices had gone up. They stated that there was no reason to slow production now that the price was above their cost, which puts their cost in the $8-9 range. They also stated that they are now making money. I tried to find the announcement that that the production cutbacks were cancelled, but couldn't find it in a quick search. I'll look again when I have more time unless someone else reposts it in the meantime.

Carl
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