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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Kurt Starnes who wrote (25744)	7/29/1999 12:31:00 AM
From: J R KARY	Respond to of 213186

AAPL buys Samsung 3-yr Converts - currency exchange rate bullish over time "SEOUL, South Korea (AP) - Apple Computer Inc. will invest $100 million in Samsung Electronics Co. in a deal aimed at securing an adequate supply of advanced flat-panel screens for its iBook and other laptop computers, a Samsung statement said Thursday. The contract calls for Apple to buy $100 million worth of Samsung Electronics' convertible bonds that have a maturity of three years. The bonds can be converted to common shares or deposit receipts beginning in 2001. Samsung Electronics, the flagship company of South Korean conglomerate Samsung, said it would use the money to expand its facility to produce larger thin-film transistor liquid crystal displays, or TFT-LCDs for short. Samsung already is the world's leading producer of such high-quality screens. ''With our new iBook and fast selling Powerbooks, Apple will need more flat displays then ever going forward,'' Apple CEO Steve Jobs was quoted as saying in a statement released by Samsung Electronics. The deal gives Apple a key supply source in one of the fastest growing markets in the multimedia hardware industry. Flat-panel screens are increasingly used in wall-hung televisions, cars, handheld devices, and military equipment. Like other South Korean big businesses hit by a severe economic recession, Samsung has been selling assets and wooing foreign investment. " From AP ===== Maybe another ARMHY ? Jim K.