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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: Norrin Radd who wrote (4936)5/26/1999 12:09:00 PM
From: DJBEINO  Read Replies (1) of 9582
 
Hyundai CEO sees stable DRAM market
SEOUL, May 26 (Reuters) - The president of South Korea's Hyundai Electronics Industries Co said on Wednesday he expected the global oversupply in dynamic random access memory (DRAM) chips to disappear from the second half of this year.

Hyundai chief executive officer and president Kim Young-hwan, speaking on local YTN television, also said the world market would remain stable for the next two to three years.

''From the latter half of this year, the oversupply will disappear, and as (the industry) quickly shifts to 128-megabit (products) from 64-megabit, the overall DRAM market will stabilise and prices will also stabilise,'' Kim said.

''So I expect to see a stable market situation for the next two to three years.''

He said the stability in supply and demand would largely be the result of reduced investments in recent years by major manufacturers and a move by several makers towards non-DRAM sectors.

Hyundai Electronics, a unit of Hyundai Group [HYGR.CN], is set to emerge as the world's largest DRAM maker after it absorbs another South Korean chipmaker LG Semicon Co .

The firm aims to launch the integrated company in July.

biz.yahoo.com
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