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

To: Bipin Prasad who wrote (48646)	9/24/1999 9:00:00 AM
From: DJBEINO	Respond to of 53903

Taiwan's Quake Causing Aftershocks in U.S. Tech Firms, WSJ Says Boise, Idaho, Sept. 24 (Bloomberg) -- Some large hedge funds have been buying shares of chipmakers such as Micron Technology after Monday's earth quake in Taiwan because of a possible rise in demand after power outages hurt competitor Taiwan Semiconductor Manufacturing Co., the Wall Street Journal said in its ''Heard on the Street'' column. Some investors believe personal computer companies such as Dell Computer Corp. and Compaq Computer Corp. will have to pay more for parts because of the outages, and finding parts may be an issue if the power stays out long enough. ''We believe you are going to see a little backpedaling from the 'no problem' stance that dominated during the first 48 hours after the quake,'' said Merrill Lynch analyst Joe Osha, the Journal reported. Taiwan's computer chipmakers may lose as much as two weeks of production as a result of one the strongest earthquakes in the island's history, Merrill Lynch & Co. said earlier this week. (WSJ 9/23 C2 wsj.com)