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

To: nolimitz who wrote (51435)	6/12/2000 9:31:00 AM
From: DJBEINO	Respond to of 53903

09:13 [MU] MICRON TECHNOLOGIES UPPED TO 'STRONG BUY' FROM 'HOLD' AT ING BARINGS

To: nolimitz who wrote (51435)	6/13/2000 1:17:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

U.S. trade panel backs Taiwan in dispute over chips WASHINGTON, June 12 (Reuters) - In a blow to U.S. chip maker Micron Technology Inc. (NYSE:MU - news) and a victory for Taiwanese producers, the U.S. International Trade Commission on Monday blocked U.S. plans to impose punitive duties on certain semiconductor imports from Taiwan. The government commission ruled that U.S. companies were ``not materially injured or threatened with material injury by reason of imports of static random access memory (SRAMs) semiconductors from Taiwan.'' The decision effectively halts duties on shipments of Taiwanese-made SRAMs, which allow computers to more quickly store and retrieve information. ``We don't agree with the ruling,'' said Micron spokesman Grant Jones. He declined further comment, saying the Boise, Idaho-based company had yet to review the decision in full. The U.S. Commerce Department had proposed import duties on SRAMs from Taiwan after finding that Taiwanese companies sold the semiconductors at below fair value in the U.S. market. The U.S. investigation was initiated in 1998 by Micron Technology and other companies. They asked the Commerce Department to impose duties as high as 69 percent on Taiwanese shipments. biz.yahoo.com ++++++++++++++++++ ITC DETERMINES ON REMAND THAT STATIC RANDOM ACCESS MEMORY SEMICONDUCTORS FROM TAIWAN DO NOT INJURE U.S. INDUSTRY The United States International Trade Commission (ITC) today made a negative determination in connection with the second remand of its final antidumping investigation of imports of static random access memory semiconductors from Taiwan. The Commission found on remand that an industry in the United States is not materially injured or threatened with material injury by reason of imports of static random access memory semiconductors from Taiwan that the U.S. Department of Commerce determined were sold in the United States at less than fair value. Vice Chairman Marcia E. Miller and Commissioners Jennifer A. Hillman, Stephen Koplan, and Deanna Tanner Okun voted in the negative. Chairman Lynn M. Bragg voted in the affirmative. Commissioner Thelma J. Askey did not participate in this vote. The case involving this product was remanded to the ITC by the U.S. Court of International Trade (CIT) on June 30, 1999, and again on April 11, 2000. The ITC had previously made an affirmative final determination in April 1998. The ITC's remand determination will be delivered to the CIT by June 26, 2000.