Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Chas who wrote (48066)	9/8/1999 8:06:00 AM
From: yousef hashmi	Read Replies (1) \| Respond to of 53903

-- DJ Korea Hot Stks:Semiconductor Cos Up On Rising Chip Prices -- SEOUL (Dow Jones)--Shares of South Korea's semiconductor makers are generally higher Wednesday on rising chip prices in the global market, analysts said. At 0525 GMT (1:25 a.m. EDT), Hyundai Electronics Industries Co. (Q.HEL) was up 1,100 won ($1=KRW1193.80) at KRW38,800 on volume of 8.7 million shares, while Hyundai MicroElectronics Co. (Q.HYE) gained KRW800 to KRW27,800 on volume of 6.8 million share s. However, Samsung Electronics Co. is down KRW4,000 to KRW237,000 on profit-taking, analysts said. "Prices of 64 megabit dynamic random access memory chips have been rising sharply recently on rising demand for computers ahead of the year 2000," said an analyst at Dongwon Securities Co. "The chip, which costs around $4 per unit on the spot market t wo months ago, has risen above $12 and it is expected to stay that way until the end of the year." He said that more and more people are replacing computers on concerns that their computers may experience Y2K problems. The analyst said Samsung Electronics' 1999 net profit is expected to soar to KRW2.96 trillion, from a profit of KRW300 billion last year. Hyundai Electronics is more likely to stay in the red this year because of losses to be incurred from the expected merger with Hyundai MicroElectronics in October, but it should return to the black next year, he said. -By Shin Jung-won; 822-732-2165; jung-won.shin@dowjones.com (END) DOW JONES NEWS 09-08-99 01:33 AM- - 01 33 AM EDT 09-08-99 Symbols: KR;66 KR;1176 GB;Q0HYE GB;NWFX KR;261 KR;355 KR;593 DE;SSU SE;SSUF DE;SSUX GB;SMSN US;SSNG Source DJ - Dow Jones Categories: I/CGL I/CSE I/HMF I/SEM SUB/DJN N/DJN SUB/DJWI N/DJWI SUB/HIY N/HIY SUB/MMM N/MMM SUB/STK N/STK SUB/WEI N/WEI M/CGL M/CYC M/TEC P/DAA P/DCO P/DSE GEO/ASI R/ASI GEO/FE R/FE GEO/PRM R/PRM GEO/KR R/KR

To: Chas who wrote (48066)	9/8/1999 9:28:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

DRAM price breaks $12 The price of 64M DRAM (dynamic random access memory) chips continued its upward streak Tuesday, soaring to $12.75 on the U.S. spot market just five days after breaking through the $10 mark. According to industry sources, the chip was being traded between $11.92 and $12.75, almost triple the year's lowest price of $4.60. The most widely retailed 8M x 8 PC-100 chip rose by $2.48 from Sept. 2, to be traded at a high of $12.75, when the U.S. spot market opened Tuesday after a three-day holiday closure. This is the first time for the price to exceed $12 this year and price hikes appear to be accelerating in nature. It took a week for the price to rise from $8 to $9, three days to jump to $10 and only two days to pass $12 mark (taking into account the market closure). Industry watchers expect this trend to continue for some time. The supply of the chip is currently falling short of demand, as Korean chip makers have reduced their production amid a restructuring drive. In addition chip production in Taiwan has yet to recover fully from the impact of a blackout in late June. In contrast, semiconductor demand is brisk because of low-priced PCs being marketed and consumers willing to replace PCs over concerns about the Y2K problem, industry watchers say. The price will continue to climb till the end of the year, then stabilize around $10, they predict. Korean chip makers are expected to rake in huge profits as production costs stand at around $5. Some watchers have voiced concern, however, about further hikes in the 64M DRAM price as it may lead to demand moving toward 128M DRAM chips, which are currently traded between $16 and $18. Updated: 09/09/1999