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Technology Stocks : TNCR, the MOST Undervalued Semi-Equipment Stock

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To: Silicon Master who wrote (178)	5/21/1996 7:48:00 PM
From: Silicon Master	of 362

TO ALL: NEW YORK -- Motorola Inc.'s (MOT) confidence in continuing long-range demand of DRAM, or dynamic random access memory, chips is reflected by the company's plans to build a $1.5 billion plant with Siemens AG of Germany. ''We believe the market is very strong and increasing,'' said Motorola spokesman Jeff Gorin. Late yesterday, Motorola and Siemens announced they would start in the fourth quarter to build the plant to manufacture 64-bit DRAM chips in Richmond, Va., and that it should be running in the first half of 1998. It will be Siemens' first major semiconductor facility in the U.S. The chips will be primarily used for personal computers. Motorola currently has a joint venture with Toshiba in Japan to make DRAMs, Gorin said. The joint venture with Siemens is Motorola's second planned facility in Richmond. The plans for the first plant, which is expected to produce PowerPC chips by 1999, were announced in September.

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