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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 164.10

+3.4%

10:02 AM EST

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To: Zeev Hed who wrote (7860)	5/31/1999 10:52:00 AM
From: Ian@SI	Read Replies (1) of 10921

Zeev, do you have a more recent verifiable press release than the following? +++++++++++ Nec Corp. Dow Jones Newswires -- May 27, 1999 DJ NEC To Invest Y40 Billion To Increase DRAM Capacity TOKYO (Dow Jones)--NEC Corp. (NIPNY or 6701) said Wednesday it would invest around Y40 billion to increase production capacity, mainly for dynamic random access memory chips, at existing semiconductor plants in the U.K. and in Japan. The new capacity will lead to an increase in monthly DRAM production to the equivalent of 30 million 64-megabit DRAM chips per month from around 12 million units per month now, NEC said. Investment will be at NEC Semiconductors U.K., a subsidiary of NEC in the U.K., and at plants in Hiroshima and Kyushu in Japan. NEC said that the investment would enable it to benefit from economies of scale and produce more advanced DRAMs, including 128-megabit DRAMs and Direct Rambus DRAMs. "The whole point is to produce as much a value-added product as possible," an NEC spokesman said.

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