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To: Win-Lose-Draw who wrote (4398)	3/23/2001 2:04:11 AM
From: Mang Cheng	Read Replies (1) \| Respond to of 6784

Re:Inventory, good news for techs, from Bloomberg: 03/23 01:05 Asian Memory Chipmakers Soar as Inventories Disappear (Update2) By Alan Patterson and Ian King Taipei, March 23 (Bloomberg) -- Shares of Samsung Electronics Co. and other computer memory chipmakers in Korea and Taiwan rose on reports that personal computer makers have almost cleared their inventories of semiconductors. Shares of Samsung, the largest memory chipmaker, rose as much as 9.6 percent, to 218,000 won in early trading on the Korean Stock Exchange. Other Taiwanese rivals, including ProMos Technologies Inc., rose as much as 6.7 percent, near the limit, on the Taiwan Stock Exchange. The shares rose after Mike Sadler, a vice president with Micron Technologies Inc. and Sang Park, president of Hyundai Electronics Industries Co., said yesterday inventories of dynamic random access memory chips used in PCs have nearly disappeared. Hyundai and Micron are the second- and third-largest memory chipmakers. ``Investors are taking Micron's comment very positively,'' said Shin Dong Hoon, who manages 15 billion won ($11 million) in assets at Taekwang Investment Trust Management in Seoul. ``There are more possibilities that the chip prices will rise than to fall further at such low prices.'' Micron shares rose 11 percent in trading in the U.S. yesterday after it said its semiconductor unit was ``slightly profitable'' in the second quarter, even as margins narrowed because prices for its chips fell by half from the previous period. The chipmakers' gains followed the Nasdaq Composite Index's 3.7 percent rally, fanning optimism throughout the region computer- related stocks have fallen far enough. Korea's Kospi rose 1.4 percent, while Taiwan's TWSE index added 1.5 percent. The spot price for the industry-standard 64-megabit dynamic random access memory chip rose 0.4 percent to $2.11, according to DRAMeXchange.Com, an Internet DRAM trading site. Asian DRAM makers together account for nearly 70 percent of total production. The price-to-earnings ratios of some of the Asian DRAM makers fell to the low double digits after prices of their products dropped by more than three-quarters from a year ago. Samsung's price-to-earnings ratio is 10.30.

To: Win-Lose-Draw who wrote (4398)	3/23/2001 11:08:13 AM
From: David E. Taylor	Read Replies (1) \| Respond to of 6784

WLD: OT: Here's a snippet close to your heart (courtesy of Trader Mike on the "2001 Financial Collapse" thread): thetimes.co.uk Seems like (at least some) of the big houses are now going to have their analyst reports and recommendations vetted not only by their own investment banking groups (a practice strenuously denied in the past but that we all know goes on), but also by the very companies they're putting out the report on. Strange that I haven't seen this reported in the WSJ or NYT - maybe the US financial press doesn't want to go near this touchy subject? David T.