Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58613)	1/9/2002 11:22:07 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

01/09 20:02 Hynix Creditors Says Micron Agreement May Take Time (Update1) By Ian King and Heejin Koo quote.bloomberg.com Seoul, Jan. 10 (Bloomberg) -- Hynix Semiconductor Inc.'s creditors said an agreement with Micron Technology Inc. to purchase the Korean company's chip plants may take a long time. ``Putting a valuation on the company and working out how that will be paid for is going to be difficult,'' said Kim Young Soo, chief credit officer of Hanvit Bank, one of the Korean chipmaker's main lenders. ``It will take a long time even if an initial non- binding agreement is signed.'' Boise, Idaho-based Micron and Hynix have been talking since last month about combining their memory-chip businesses. Such a combination would overtake Samsung Electronics Co. to make Micron the largest maker of dynamic random-access memory chips, the main memory in personal computers and other consumer electronics. Hynix shares rose as much as 3.3 percent to 3,330 won in early trading even as the benchmark Kospi index fell 1.1 percent.