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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (24553)	12/29/2007 2:37:32 AM
From: axial	Read Replies (1) \| Respond to of 46821

Hi Frank - Many have voiced the opinion that the sub-prime mess won't really matter to global corporations, and that it will be "business as usual". Intel, STMicro feel ill effects of sub-prime mess "... Back in May, the pair announced plans to set up a joint flash memory venture, named Numonyx, on the basis of a $1.3 billion loan and $250 million of revolving credit. However, credit has dried up quick in the wake of the sub-prime meltdown, and the companies have announced that the sizes of the loan and the credit line were cut to $650 million and $100 million, respectively. Ouch." More: arstechnica.com Jim