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Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: patrick tang who wrote (2241)	1/8/1998 6:17:00 PM
From: Kenneth Yeh	Read Replies (2) \| Respond to of 9582

Thursday January 8, 5:48 pm Eastern Time ----- Micron shares gain, DRAM prices seen higher NEW YORK, Jan 8 (Reuters) - Shares of memory chip maker Micron Technology Inc jumped on Thursday on higher spot prices of computer memory chips and on rumors of chip production constraints in South Korea that could curb supply. ''Prices for 16 megabit chips in certain configurations have gone up 25 to 30 percent in the past two days,'' said Michael Gumport, an analyst at Lehman Brothers. ''There are rumors Korean companies are having trouble paying for packaging and that is causing delays in shipments. Whether or not this is true, the fact is DRAM prices have gone up.'' Shares of Micron rose two to 28-3/8. ''We have seen a little bit of an uptick in the spot market in the last day or so and I believe that is the reason Micron has moved up,'' said Mark Edelstone, a Morgan Stanley analyst. There are also rumors that South Korean companies, which produce about 35 percent of the world's dynamic random access memory (DRAM) chips are unable to get the credit necessary to buy epoxy resin used to make the chips, traders said. This would reduce the supply of chips on the market and drive prices higher, they said. Analysts said spot prices were rising, although they were unsure if the increases could be sustained. ''If it is just a packaging issue. It will resolve itself...,'' Gumport said. ----- Looks like DRAM prices are picking up. Hopes this keeps up. Good news for ALSC! -Ken