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

To: John Graybill who wrote (50315)	1/13/2000 4:36:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

>>"Windows 2000 won't come out for another month, but anti-virus software makers say they've found the first virus that targets Microsoft's forthcoming business operating system."<< targeted? try created! ;-)

To: John Graybill who wrote (50315)	1/14/2000 9:12:00 AM
From: DJBEINO	Respond to of 53903

Hyundai Electronics Takes U.S. to Court Over Dumping Ruling 1/14/00 2:42:00 AM Source: Bloomberg News Seoul, Jan. 14 (Bloomberg) -- Hyundai Electronics Industries Co., the world's largest maker of computer memory chips, said it filed suit with the Court of International Trade against penalties imposed by the U.S. government on its chip exports. The legal challenge comes in response to a December U.S. Trade Department ruling that the company sold dynamic random access memory chips at unfair prices between May 1997 and April 1998. The ruling ordered Hyundai to pay a 10.44 percent anti- dumping penalty. ''They used their own one-sided methodology to calculate their figures, completely ignoring the general accounting principles used here in Korea,'' said J.G. Nam, an official at the company's international trade relations department. Nam said Hyundai is confident it can win the case after successfully having a dumping rate reduced to zero in a previous dispute. The penalty, which includes a charge for DRAMs sold by LG Semicon Co. -- a rival which Hyundai bought last year -- could cost the company as much as $50 million. The U.S. investigated imports of the chips after Micron Technology Inc. and other U.S. DRAM manufacturers complained that they were suffering losses due to unfair competition. The memory chip market is subject to sudden price fluctuations caused by changing supply and demand conditions, as well as rapid shifts to new technologies. It is also high risk for participants, as it takes years and billions of dollars to build new DRAM manufacturing factories. The spot price of the industry-standard 64-megabit DRAM reached a record low in the first half of last year -- forcing some manufacturers to sell chips at below cost -- only to surge fivefold in September after Taiwan's earthquake, before stabilizing 50 percent lower last month. Hyundai shares finished down 3 percent at 22,800 won.