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To: Paul Verderber who wrote (49255)	10/14/1999 1:04:00 AM
From: DJBEINO	Respond to of 53903

Hyundai Elec says not seeking increased DRAM share SEOUL, Oct 14 (Reuters) - South Korea's Hyundai Electronics said on Thursday it would not seek to expand its market share for DRAM chips through capacity investment for the time being but concentrate on upgrading existing production facilities. The company's president and chief executive Kim Yong-hwan told a news conference the firm would invest $800 million upgrading its semiconductor lines next year. biz.yahoo.com +++++++++++++ Hyundai Elec says to spinoff non-chip business SEOUL, Oct 14 (Reuters) - South Korea's Hyundai Electronics said on Thursday it plans to spin off its non-semiconductor businesses early next year. The firm said in a statement it would seek foreign investment and listings on the local over-the-counter stock market for the businesses, which comprise telecommunications, liquid crystal displays, automobile parts and monitors. The firm also said it expects sales in its semiconductor division of 6.4 trillion won this year and 8 trillion won in 2000. It also said it expects its sales of non-DRAM chips to reach 18 percent of total chip sales by 2001 from 7-8 percent currently. biz.yahoo.com

To: Paul Verderber who wrote (49255)	10/14/1999 8:56:00 AM
From: DJBEINO	Respond to of 53903

WORLD DRAM INDUSTRY BOOM TO LAST THROUGH 2002 Kim said he expected the world DRAM market to maintain its current bullish trend ''until the first half of 2002 or at least until the end of 2001.'' He said growth in supply would be limited in the future when the world industry begins processing 12-inch wafers to replace 8-inch ones for better productivity because fresh investment in 12-inch wafer facilities would require more money. To meet the strong DRAM demand, Kim said Hyundai had room to improve output by about 40 percent from the current level through upgrading investment and without expanding facilities. Hi-tech industry research firm Dataquest said in a report on Thursday that the world semiconductor market was on track to resume double-digit growth despite disruptions from last month's Taiwan earthquake. It said global sales were on track to surpass $155 billion in 1999, a 14.1 percent increase over 1998, the first year of growth since 1997 and the first double-digit growth in four years. Dataquest said the current cycle was expected to last through 2002, with the market reaching $250 billion by 2003, as strong demand continued and overcapacity waned. Hyundai Electronics said in a statement distributed before the news conference that its semiconductor sales were expected to reach eight trillion won ($6.6 billion) next year from a projected 6.4 trillion won for this year. It also said it would expand sales of non-DRAM chips to about 18 percent of its total semiconductor sales by 2001 from seven to eight percent seen for this year. ($1=1,204 won) biz.yahoo.com