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To: Bill Harmond who wrote (9548)	11/6/2001 8:47:46 PM
From: Mark Fowler	Respond to of 57684

i feel like i'm in heaven ...now we break IIx 134 it'll be nice.

To: Bill Harmond who wrote (9548)	11/6/2001 8:54:34 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

TOKYO (Dow Jones)Toshiba Chairman Taizo Nishimuro has joined the growing chorus of senior information technology executives predicting a recovery in the second half of next year, the Financial Times reports on its Web site Wednesday. However, he also signaled that the group was likely to leave the difficult DRAM (dynamic random access memory) semiconductor market, according to the report. "I think we have had the worst," Nishimuro said. "Excess inventory will be depleted in the early part of next year and demand will recover," the FT quotes him as saying. But Nishimuro admitted Toshiba was suffering badly in the meantime: Its DRAM semiconductor business is making big losses, and its laptop computer division is reeling under attack from Dell Computer Corp. (DELL), the report said. In the clearest indication that Toshiba is close to a decision to quit the DRAM business, he added: "We have no intention of waiting for (indebted South Korean chipmaker) Hynix Semiconductor Inc. (Q.HYY) to go out. There is a good chance we might sell that operation or close it down. "We have major concerns about our ability to maintain our lead in laptops. Last year we were number one worldwide, but this year it is doubtful we can make it." Toshiba is restructuring its laptop production, marketing and supply chain management to compete with Dell more effectively. Nishimuro said Toshiba had much catching up to do, though it still made profit from its PC business, unlike most manufacturers. Prices of Toshiba's DRAM chips have fallen 90% in the past year and now cover a third of production costs. Nishimuro said the market should recover next year, if only because struggling manufacturers will be forced to close plants. He said the bailout package for Hynix would only keep the company afloat for three months. However, further support for Hynix could be forthcoming. e