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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (7928)	6/22/1999 9:29:00 AM
From: Ian@SI	Respond to of 10921

Hmmm, looks like Samsung is counting on some humungous growth. June 22, 1999 Samsung Will Invest $1.2 Billion In Non-Memory Chip Business SEOUL, South Korea -- Samsung Electronics Co., South Korea's leading semiconductor manufacturer, said Tuesday that it intends to strengthen its non-memory chip, multimedia and telecommunication businesses. Under the plan, the company said it plans to invest a total $1.2 billion by 2001 to expand the monthly production of its non-memory chip products, including large-scale integration chips. Samsung said it expects sales of LSI chips to increase to $2.5 billion by 2001 from an estimated $1.2 billion this year. By 2002, the company hopes its non-memory chip sales will make up around 35% of total semiconductor sales, rising from 20% currently. To support its plan, Samsung said it is looking to form a strategic alliance with a foreign company. Samsung Electronics plans to build its operations on central processing units, application-specific integrated circuits and next-generation wireless communications products. On Tuesday at the Korea Stock Exchange, Samsung's stock fell 1,000 won to 128,000 won.

To: Gottfried who wrote (7928)	6/30/1999 4:32:00 PM
From: Mason Barge	Read Replies (4) \| Respond to of 10921

Hi, don't know if any of you remember me. I haven't been active because I stopped all short-term trading (not to mention day trading) and went to a disciplined buy-and-hold philosophy. Anyway, I sold my stock today. About 50% of my portfolio was in these issues. I may go short but more likely I'll just wait a couple of years until it's back down, and then buy in again. Hope all of you are making some money and, for those of you continuing to hold, that it'll keep rising.