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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: Estephen who wrote (73121)5/17/2001 12:03:09 PM
From: The Prophet  Read Replies (2) | Respond to of 93625
 
I think you misunderstand the concept of a message board - it is not a "rah, rah" site for long investors - it is a source for information and discourse. I agree that there is value in evaluating the objectivity of individuals, but there is little value in criticizing persons who provide relevant, even negative, information objectively.



To: Estephen who wrote (73121)5/17/2001 12:38:45 PM
From: Don Green  Read Replies (1) | Respond to of 93625
 
Micron continues pressure against Hynix assistance
By Jack Robertson, EBN
May 17, 2001 (9:23 AM)
URL: ebnews.com

Micron Technology Inc. this week escalated its protest against what it charged was a Korean government bailout of Hynix Semiconductor Co. (formerly Hyundai Electronics Industries Co.) in the latest round of refinancing the troubled chip maker.

A Micron trade representative said the company has been in daily contact with the Treasury Department and U.S. Trade Representative's office seeking further pressure against Korean government assistance to Hynix.

However, Micron believes the damage may already have been done with government-owned Korean banks agreeing to buy an additional $770 million in Hynix bonds on top of $600 million already purchased by the state-owned Korean Development Bank.

Micron said the government-owned Seoul Guaranty Insurance Co. has also agreed to guarantee 65% of the new Hynix bonds being issued.

The U.S. chip company charged that such direct government assistance violates the rules of the World Trade Organization (WTO) as well as the caveats in the last International Monetary Fund (IMF) rescue funds to Korea in the 1998 economic crisis.

Some U.S. industry sources believed Micron could raise the question of Korean bank refinancing of Hynix at the World Semiconductor Council meeting, scheduled to be held today in Okinawa. Micron two years ago pushed through a resolution at the WSC that supported the demand that no IMF rescue funds to Korea would be used to bail out chip makers in that country.

Hynix earlier this week disclosed details of its most recent financing plan, noting that foreign investors could gain significant minority equity stakes in the company.



To: Estephen who wrote (73121)5/17/2001 6:59:53 PM
From: Bilow  Respond to of 93625
 
Hi Estephen; Did Jeff Mitchell lie to you when he told you Rambus' patents were solid, or was he a fool?

-- Carl